Is Canyon Crest, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Canyon Crest was a Seller's Market.
Key Takeaway
Canyon Crest is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Canyon Crest, CA
How much do homes in Canyon Crest, CA cost?
Median Sold Price
$695,000
$359/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Canyon Crest have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Canyon Crest was $695,000 in April 2024, up 9.1% from last year, and the median price per square foot was $359.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330.5K | $360K | +8.9% |
| 2 Bedrooms | $415K | $436K | +5.1% |
| 3 Bedrooms | $621K | $641K | +3.2% |
| 4 Bedrooms | $700K | $795K | +13.6% |
| 5+ Bedrooms | $887.5K | $945K | +6.5% |
Summary: Canyon Crest housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Neighborhoods
| University - Riverside | $490K | $559.4K | +14.2% |
| Canyon Crest | $637K | $695K | +9.1% |
| Mission Grove | $690K | $730K | +5.8% |
Housing Supply in Canyon Crest, CA
How many homes are available in Canyon Crest, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 50 | -2.0% |
Summary: The Canyon Crest real estate market had 50 homes for sale in April 2024, a 2.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 23 | 23 | 0.0% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Canyon Crest 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 14.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 8 | -46.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Canyon Crest, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Canyon Crest in April 2024, down by 46.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Canyon Crest, CA
How long does it take to sell a home in Canyon Crest, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 58 Days | 38 Days | -33.9% |
Summary: Homes in Canyon Crest had an average of 38 days on market in Apr 2024, down by 33.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Canyon Crest has remained consistent over time.
Summary: During April 2024, 8 homes were sold in Canyon Crest; 38% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.