Is El Cajon, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, El Cajon has remained a Seller's Market.
Housing Prices in El Cajon, CA
How much do homes in El Cajon, CA cost?
Median Sold Price
$773,365
$495/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in El Cajon was $773,365 in June 2024, up 12.3% from last year, and the median price per square foot was $495.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $332.4K | $355K | +6.8% |
2 Bedrooms | $455K | $517K | +13.6% |
3 Bedrooms | $678.5K | $763K | +12.5% |
4 Bedrooms | $845.5K | $967.5K | +14.4% |
5+ Bedrooms | $1.0M | $1.2M | +16.8% |
Summary: El Cajon housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 16.8%.
Housing Supply in El Cajon, CA
How many homes are available in El Cajon, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
333 | 332 | -0.3% |
Summary: The El Cajon real estate market had 332 homes for sale in June 2024, a 0.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 22 | +15.8% |
2 Bedrooms | 64 | 64 | 0.0% |
3 Bedrooms | 137 | 129 | -5.8% |
4 Bedrooms | 82 | 88 | +7.3% |
5+ Bedrooms | 31 | 29 | -6.5% |
Summary: The El Cajon housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.8%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 6.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
101 | 80 | -20.8% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Summary: A total of 80 homes were sold or pending in El Cajon in June 2024, down by 20.8% month-over-month. Of the 80 sold homes, 34% were sold under asking, 20% were sold at asking, and 46% were sold over asking.
Days on Market for El Cajon, CA
How long does it take to sell a home in El Cajon, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
13 Days | 16 Days | +20.7% |
Summary: Homes in El Cajon had an average of 16 days on market in Jun 2024, up by 20.7% compared to last year.
Breakdown of Home Sale Times
68 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 80 homes were sold in El Cajon; 85% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.