Is Adelanto, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Adelanto is a seller's market

Buyer's
Market

Difference Since November 2022

Since last year, Adelanto has remained a Seller's Market.

Key Takeaway

Adelanto is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Adelanto, CA

How much do homes in Adelanto, CA cost?

Median Sold Price

$368,500

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

-$6,500(-1.7%)

Key Takeaway

Homes in Adelanto have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in Adelanto was $368,500 in November 2023, down 1.7% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 -$117.5K
N/A
2 $245K$265K
+8.2%
3 $358.5K$351K
-2.1%
4 $390K$386.5K
-0.9%
5+ $418K$420K
0.5%

Summary: Adelanto housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.2%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 0.5%.

Median Sold Price Compared To Nearby Cities

Victorville
0.4%
Victorville-Hesperia
-0.8%
Adelanto
-1.7%
Phelan
-3.8%

Housing Supply in Adelanto, CA

How many homes are available in Adelanto, CA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
113107-5.3%

Summary: The Adelanto real estate market had 107 homes for sale in November 2023, a 5.3% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 32
-33.3%
2 911
+22.2%
3 4034
-15.0%
4 4545
0.0%
5+ 1615
-6.3%

Summary: The Adelanto housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 15%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 6.3%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
1924+26.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Adelanto, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in Adelanto in November 2023, up by 26.3% month-over-month. Of the 24 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Adelanto, CA

How long does it take to sell a home in Adelanto, CA?

Average Sale Time

Nov 2022Nov 2023CHANGE
29 Days34 Days+15.2%

Summary: Homes in Adelanto had an average of 34 days on market in Nov 2023, up by 15.2% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Adelanto are selling fast, if you're buying plan to act quickly.

Summary: During November 2023, 24 homes were sold in Adelanto; 67% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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