Is Borrego Springs, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Borrego Springs was a Seller's Market.
Housing Prices in Borrego Springs, CA
How much do homes in Borrego Springs, CA cost?
Median Sold Price
$325,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Borrego Springs was $325,000 in June 2024, down 0.6% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $103.7K | $155K | +49.4% |
2 Bedrooms | $279K | $291.5K | +4.5% |
3 Bedrooms | $427.5K | $352.5K | -17.5% |
4 Bedrooms | $923K | $430K | -53.4% |
5+ Bedrooms | - | $325K | N/A |
Summary: Borrego Springs housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.4%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 17.5%, 4 bedroom homes decreased by 53.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Julian | $539K | $611.3K | +13.4% |
Palomar-Julian | $549K | $590K | +7.5% |
Laguna-Pine Valley | $618.7K | $643K | +3.9% |
Borrego Springs | $327K | $325K | -0.6% |
Housing Supply in Borrego Springs, CA
How many homes are available in Borrego Springs, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
52 | 49 | -5.8% |
Summary: The Borrego Springs real estate market had 49 homes for sale in June 2024, a 5.8% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 24 | 19 | -20.8% |
3 Bedrooms | 17 | 20 | +17.6% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Borrego Springs housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 20.8%, 3 bedroom homes increased by 17.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
11 | 6 | -45.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Borrego Springs in June 2024, down by 45.5% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Borrego Springs, CA
How long does it take to sell a home in Borrego Springs, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
51 Days | 21 Days | -58.3% |
Summary: Homes in Borrego Springs had an average of 21 days on market in Jun 2024, down by 58.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 6 homes were sold in Borrego Springs; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.