Is El Cajon, 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, 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
$750,000
$481/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in El Cajon was $750,000 in March 2024, up 11.1% from last year, and the median price per square foot was $481.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $327.5K | $362K | +10.5% |
2 Bedrooms | $450K | $510K | +13.3% |
3 Bedrooms | $677K | $740.6K | +9.4% |
4 Bedrooms | $852.5K | $930K | +9.1% |
5+ Bedrooms | $1.1M | $1.1M | -0.9% |
Summary: El Cajon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 0.9%.
Housing Supply in El Cajon, CA
How many homes are available in El Cajon, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
265 | 282 | +6.4% |
Summary: The El Cajon real estate market had 282 homes for sale in March 2024, a 6.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 13 | +116.7% |
2 Bedrooms | 62 | 71 | +14.5% |
3 Bedrooms | 116 | 106 | -8.6% |
4 Bedrooms | 64 | 69 | +7.8% |
5+ Bedrooms | 17 | 23 | +35.3% |
Summary: The El Cajon housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 116.7%, 2 bedroom homes increased by 14.5%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 35.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
84 | 87 | +3.6% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Summary: A total of 87 homes were sold or pending in El Cajon in March 2024, up by 3.6% month-over-month. Of the 87 sold homes, 32% were sold under asking, 16% were sold at asking, and 52% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
20 Days | 23 Days | +17.3% |
Summary: Homes in El Cajon had an average of 23 days on market in Mar 2024, up by 17.3% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 87 homes were sold in El Cajon; 82% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.