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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alpine is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Alpine was a Seller's Market.

Key Takeaway

Alpine is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Alpine, CA

How much do homes in Alpine, CA cost?

Median Sold Price

$960,000

$457/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$109,000(+12.8%)

Key Takeaway

Homes in Alpine have sold for 12.8% more than they did a year ago.

Summary: The median home sold price in Alpine was $960,000 in September 2024, up 12.8% from last year, and the median price per square foot was $457.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $462K$405K
-12.3%
2 $450.5K$535K
+18.8%
3 $840K$907.5K
+8.0%
4 $1.0M$1.1M
+10.0%
5+ $1.1M$1.2M
+1.5%

Summary: Alpine housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.3%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 1.5%.

Median Sold Price Compared To Nearby Cities

Jamul
+18.9%
Alpine
+12.8%
Laguna-Pine Valley
+5.5%

Housing Supply in Alpine, CA

How many homes are available in Alpine, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
5872+24.1%

Summary: The Alpine real estate market had 72 homes for sale in September 2024, a 24.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 1311
-15.4%
3 2027
+35.0%
4 1619
+18.8%
5+ 814
+75.0%

Summary: The Alpine housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 35%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
118-27.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alpine, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in Alpine in September 2024, down by 27.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% were sold over asking.

Days on Market for Alpine, CA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
19 Days40 Days+108.5%

Summary: Homes in Alpine had an average of 40 days on market in Sep 2024, up by 108.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 8 homes were sold in Alpine; 50% of homes were sold within 30 days, 38% 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 Sep 1, 2024

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