Is Chula Vista, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chula Vista is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Chula Vista has remained a Seller's Market.

Key Takeaway

Chula Vista is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Chula Vista, CA

How much do homes in Chula Vista, CA cost?

Median Sold Price

$768,909

$458/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$30,998(+4.2%)

Key Takeaway

Homes in Chula Vista have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Chula Vista was $768,909 in February 2024, up 4.2% from last year, and the median price per square foot was $458.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $382.5K$380K
-0.7%
2 $560K$581.5K
+3.8%
3 $698.2K$725K
+3.8%
4 $851.6K$882K
+3.6%
5+ $1.1M$1.1M
-0.6%

Summary: Chula Vista housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 0.6%.

Median Sold Price Compared To Nearby Cities

Jamul
+12.9%
San Diego
+4.9%
Chula Vista
+4.2%

Housing Supply in Chula Vista, CA

How many homes are available in Chula Vista, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
320339+5.9%

Summary: The Chula Vista real estate market had 339 homes for sale in February 2024, a 5.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 36
+100.0%
2 5355
+3.8%
3 132133
+0.8%
4 86100
+16.3%
5+ 4645
-2.2%

Summary: The Chula Vista housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes decreased by 2.2%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
87102+17.2%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

50 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chula Vista, you could pay more than the asking price. 49% of homes here sold above asking price last month.

Summary: A total of 102 homes were sold or pending in Chula Vista in February 2024, up by 17.2% month-over-month. Of the 102 sold homes, 39% were sold under asking, 12% were sold at asking, and 49% were sold over asking.

Days on Market for Chula Vista, CA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
36 Days21 Days-40.7%

Summary: Homes in Chula Vista had an average of 21 days on market in Feb 2024, down by 40.7% compared to last year.

Breakdown of Home Sale Times

78 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 102 homes were sold in Chula Vista; 76% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 3% 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 4 Days Ago

Newest Listings in Chula Vista, CA

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