Is El Cajon, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing El Cajon is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, El Cajon has remained a Seller's Market.

Key Takeaway

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

Housing Prices in El Cajon, CA

How much do homes in El Cajon, CA cost?

Median Sold Price

$761,748

$492/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$76,748(+11.2%)

Key Takeaway

Homes in El Cajon have sold for 11.2% more than they did a year ago.

Summary: The median home sold price in El Cajon was $761,748 in May 2024, up 11.2% from last year, and the median price per square foot was $492.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $330K$350K
+6.1%
2 $454.5K$515K
+13.3%
3 $672.5K$750K
+11.5%
4 $830K$950K
+14.5%
5+ $1.0M$1.2M
+16.8%

Summary: El Cajon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 16.8%.

Median Sold Price Compared To Nearby Cities

El Cajon
+11.2%
La Mesa
+9.9%
San Diego
+8.4%
Santee
+7.3%

Housing Supply in El Cajon, CA

How many homes are available in El Cajon, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
305332+8.9%

Summary: The El Cajon real estate market had 332 homes for sale in May 2024, a 8.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1618
+12.5%
2 6269
+11.3%
3 126134
+6.3%
4 7281
+12.5%
5+ 2930
+3.4%

Summary: The El Cajon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 3.4%.

Number of Homes Sold

Apr 2024May 2024CHANGE
9587-8.4%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

52 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in El Cajon, you could pay more than the asking price. 59.8% of homes here sold above asking price last month.

Summary: A total of 87 homes were sold or pending in El Cajon in May 2024, down by 8.4% month-over-month. Of the 87 sold homes, 22% were sold under asking, 18% were sold at asking, and 60% 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

May 2023May 2024CHANGE
17 Days21 Days+21.7%

Summary: Homes in El Cajon had an average of 21 days on market in May 2024, up by 21.7% compared to last year.

Breakdown of Home Sale Times

70 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 87 homes were sold in El Cajon; 80% of homes were sold within 30 days, 16% 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 12 Days Ago

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