Is Temecula, 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, Temecula has remained a Seller's Market.
Housing Prices in Temecula, CA
How much do homes in Temecula, CA cost?
Median Sold Price
$729,818
$345/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Temecula was $729,818 in April 2024, up 6.3% from last year, and the median price per square foot was $345.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $351.5K | $355K | +1.0% |
2 Bedrooms | $485K | $555K | +14.4% |
3 Bedrooms | $620K | $649.3K | +4.7% |
4 Bedrooms | $733.8K | $764.8K | +4.2% |
5+ Bedrooms | $875K | $906K | +3.5% |
Summary: Temecula housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
Temecula | $686.2K | $729.8K | +6.3% |
Murrieta | $629.9K | $667.9K | +6.0% |
Housing Supply in Temecula, CA
How many homes are available in Temecula, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
404 | 419 | +3.7% |
Summary: The Temecula real estate market had 419 homes for sale in April 2024, a 3.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 22 | 18 | -18.2% |
3 Bedrooms | 132 | 148 | +12.1% |
4 Bedrooms | 153 | 150 | -2.0% |
5+ Bedrooms | 97 | 103 | +6.2% |
Summary: The Temecula housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 6.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
114 | 112 | -1.8% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
50 Homes Were Sold
Over Asking
Summary: A total of 112 homes were sold or pending in Temecula in April 2024, down by 1.8% month-over-month. Of the 112 sold homes, 37% were sold under asking, 19% were sold at asking, and 45% were sold over asking.
Days on Market for Temecula, CA
How long does it take to sell a home in Temecula, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 21 Days | -41.9% |
Summary: Homes in Temecula had an average of 21 days on market in Apr 2024, down by 41.9% compared to last year.
Breakdown of Home Sale Times
82 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 112 homes were sold in Temecula; 73% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.