Is East Lake District, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, East Lake District has remained a Seller's Market.
Key Takeaway
East Lake District is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Lake District, CA
How much do homes in East Lake District, CA cost?
Median Sold Price
$575,000
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Lake District have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in East Lake District was $575,000 in April 2024, up 0.9% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $395K | N/A |
| 2 Bedrooms | $395K | $419K | +6.1% |
| 3 Bedrooms | $551K | $563.1K | +2.2% |
| 4 Bedrooms | $591.2K | $575K | -2.7% |
| 5+ Bedrooms | $625K | $672.5K | +7.6% |
Summary: East Lake District housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Lakeland Village | $467.5K | $505K | +8.0% |
| Lake Elsinore Hills | $590K | $620K | +5.1% |
| East Lake District | $570K | $575K | +0.9% |
Housing Supply in East Lake District, CA
How many homes are available in East Lake District, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 32 | -17.9% |
Summary: The East Lake District real estate market had 32 homes for sale in April 2024, a 17.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The East Lake District 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Lake District, expect to pay close to the asking price. 38.5% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in East Lake District in April 2024, down by 18.8% month-over-month. Of the 13 sold homes, 23% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for East Lake District, CA
How long does it take to sell a home in East Lake District, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 34 Days | -20.0% |
Summary: Homes in East Lake District had an average of 34 days on market in Apr 2024, down by 20% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in East Lake District are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in East Lake District; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% 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.