Is Clairemont Mesa West, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clairemont Mesa West is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Clairemont Mesa West has remained a Seller's Market.

Key Takeaway

Clairemont Mesa West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Clairemont Mesa West, CA

How much do homes in Clairemont Mesa West, CA cost?

Median Sold Price

$1,130,000

$753/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$140,000(+14.1%)

Key Takeaway

Homes in Clairemont Mesa West have sold for 14.1% more than they did a year ago.

Summary: The median home sold price in Clairemont Mesa West was $1,130,000 in May 2024, up 14.1% from last year, and the median price per square foot was $753.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $762K$765K
0.4%
3 $910K$1.1M
+20.9%
4 $1.1M$1.1M
+5.8%
5+ $1.1M$1.2M
+11.4%

Summary: Clairemont Mesa West housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 20.9%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 11.4%.

Median Sold Price Compared To Nearby Neighborhoods

Clairemont Mesa West
+14.1%
Clairemont
+11.7%
Clairemont Mesa East
+11.5%
North Clairemont
+7.3%
Bay Park
+5.1%

Housing Supply in Clairemont Mesa West, CA

How many homes are available in Clairemont Mesa West, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2022+10.0%

Summary: The Clairemont Mesa West real estate market had 22 homes for sale in May 2024, a 10.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 33
0.0%
3 99
0.0%
4 77
0.0%
5+ 13
+200.0%

Summary: The Clairemont Mesa West housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Apr 2024May 2024CHANGE
813+62.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clairemont Mesa West, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Clairemont Mesa West in May 2024, up by 62.5% month-over-month. Of the 13 sold homes, 31% were sold under asking, 15% were sold at asking, and 54% were sold over asking.

Days on Market for Clairemont Mesa West, CA

How long does it take to sell a home in Clairemont Mesa West, CA?

Average Sale Time

May 2023May 2024CHANGE
4 Days13 Days+222.6%

Summary: Homes in Clairemont Mesa West had an average of 13 days on market in May 2024, up by 222.6% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Clairemont Mesa West are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 13 homes were sold in Clairemont Mesa West; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% 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 12 Days Ago

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