Is Sun City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Sun City has remained a Seller's Market.
Housing Prices in Sun City, CA
How much do homes in Sun City, CA cost?
Median Sold Price
$379,988
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sun City was $379,988 in April 2024, down 5% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162.5K | $186.5K | +14.8% |
2 Bedrooms | $365K | $350K | -4.1% |
3 Bedrooms | $450K | $446K | -0.9% |
4 Bedrooms | $550.9K | $593.2K | +7.7% |
5+ Bedrooms | $617.5K | $615.4K | -0.3% |
Summary: Sun City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.8%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Neighborhoods
The Oasis | $528.9K | $537K | +1.5% |
Menifee Lakes | $562K | $560K | -0.4% |
Southeast Perris | $570K | $552.5K | -3.1% |
Sun City | $399.9K | $379.9K | -5.0% |
Housing Supply in Sun City, CA
How many homes are available in Sun City, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
170 | 161 | -5.3% |
Summary: The Sun City real estate market had 161 homes for sale in April 2024, a 5.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 94 | 91 | -3.2% |
3 Bedrooms | 56 | 48 | -14.3% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Sun City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 39 | -22.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Sun City in April 2024, down by 22.0% month-over-month. Of the 39 sold homes, 46% were sold under asking, 21% were sold at asking, and 33% were sold over asking.
Days on Market for Sun City, CA
How long does it take to sell a home in Sun City, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 44 Days | +10.5% |
Summary: Homes in Sun City had an average of 44 days on market in Apr 2024, up by 10.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 39 homes were sold in Sun City; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.