Is Cedarpines Park, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cedarpines Park is a neutral's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

Cedarpines Park 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 Cedarpines Park, CA

How much do homes in Cedarpines Park, CA cost?

Median Sold Price

$353,000

$253/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$37,000(-9.5%)

Key Takeaway

Homes in Cedarpines Park have sold for 9.5% less than they did a year ago.

Summary: The median home sold price in Cedarpines Park was $353,000 in March 2024, down 9.5% from last year, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $120K$199.8K
+66.6%
2 $312K$296K
-5.1%
3 $407.5K$406K
-0.4%
4 $480K$455K
-5.2%
5+ $520K$485.2K
-6.7%

Summary: Cedarpines Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.6%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 6.7%.

Median Sold Price Compared To Nearby Cities

Lake Arrowhead
-4.2%
Cedarpines Park
-9.5%

Housing Supply in Cedarpines Park, CA

How many homes are available in Cedarpines Park, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1213+8.3%

Summary: The Cedarpines Park real estate market had 13 homes for sale in March 2024, a 8.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 32
-33.3%
2 24
+100.0%
3 45
+25.0%
4 32
-33.3%
5+ 00
0.0%

Summary: The Cedarpines Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cedarpines Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Cedarpines Park in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Cedarpines Park, CA

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

Average Sale Time

Mar 2023Mar 2024CHANGE
180 Days127 Days-29.2%

Summary: Homes in Cedarpines Park had an average of 127 days on market in Mar 2024, down by 29.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Cedarpines Park are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 2 homes were sold in Cedarpines Park; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 22 Days Ago

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