Is Borrego Springs, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Borrego Springs is a buyer's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in Borrego Springs, CA cost?

Median Sold Price

$320,000

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$45,000(+16.4%)

Key Takeaway

Homes in Borrego Springs have sold for 16.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $82.2K$95K
+15.5%
2 $235K$298K
+26.8%
3 $329K$387.5K
+17.8%
4 $506.2K$560.5K
+10.7%
5+ $510K$550K
+7.8%

Median Sold Price Compared To Nearby Cities

Borrego Springs
+16.4%
Julian
+10.8%
Palomar-Julian
+9.0%
Laguna-Pine Valley
+8.5%

How many homes are available in Borrego Springs, CA?

Number of Homes For Sale

Sep 2022Oct 2022%
2730+11.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 22
0.0%
2 99
0.0%
3 1313
0.0%
4 35
+66.7%
5+ 01
+100.0%

Number of Homes Sold

Sep 2022Oct 2022%
42-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Borrego Springs, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
38 Days39 Days0.4%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Borrego Springs, CA

Number of homes for sale in Borrego Springs, CA real estate market have reached 30. The number of homes for sale in Borrego Springs, CA increased by 11.1% between September 2022 and October 2022. In October 2022, listings were on the market for 39 days. During the same period, the median list price in this real estate market was $320,000. This housing market listing prices have changed between September 2022 and October 2022: prices of 1 bedroom properties increased by 15.5%, the cost of 2 bedrooms properties went up by 26.8%, 3 bedrooms properties prices increased by 17.8%, 4 bedrooms properties became 10.7% more expensive, 5 bedrooms properties became 7.8% more expensive. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes have not changed, number of 4 bedrooms homes increased by 66.7%, 5 bedrooms homes became 100% more available. Over 0 listings were sold over their listed price in October 2022 in Borrego Springs, CA. In the same period over 2 listings were sold below the listed price and 0 listings were sold for the listed price.

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