Is Chula Vista, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$779,601
$462/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chula Vista have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Chula Vista was $779,601 in March 2024, up 5.7% from last year, and the median price per square foot was $462.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $367.5K | $380K | +3.4% |
| 2 Bedrooms | $560K | $580K | +3.6% |
| 3 Bedrooms | $694.1K | $736.3K | +6.1% |
| 4 Bedrooms | $850K | $898.3K | +5.7% |
| 5+ Bedrooms | $1.1M | $1.1M | -0.2% |
Summary: Chula Vista housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
| Jamul | $960K | $1.1M | +18.5% |
| San Diego | $853.5K | $905.2K | +6.1% |
| Chula Vista | $737.3K | $779.6K | +5.7% |
| National City | $638K | $637.5K | -0.1% |
Housing Supply in Chula Vista, CA
How many homes are available in Chula Vista, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 368 | 331 | -10.1% |
Summary: The Chula Vista real estate market had 331 homes for sale in March 2024, a 10.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 64 | 62 | -3.1% |
| 3 Bedrooms | 143 | 123 | -14.0% |
| 4 Bedrooms | 110 | 99 | -10.0% |
| 5+ Bedrooms | 47 | 42 | -10.6% |
Summary: The Chula Vista housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 14%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 10.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 114 | 122 | +7.0% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
71 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chula Vista, you could pay more than the asking price. 58.2% of homes here sold above asking price last month.
Summary: A total of 122 homes were sold or pending in Chula Vista in March 2024, up by 7.0% month-over-month. Of the 122 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 18 Days | -33.1% |
Summary: Homes in Chula Vista had an average of 18 days on market in Mar 2024, down by 33.1% compared to last year.
Breakdown of Home Sale Times
104 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chula Vista are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 122 homes were sold in Chula Vista; 85% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 6% 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.