Is El Paso de Robles (Paso Robles), CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing El Paso de Robles (Paso Robles) is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, El Paso de Robles (Paso Robles) has remained a Seller's Market.

Key Takeaway

El Paso de Robles (Paso Robles) is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in El Paso de Robles (Paso Robles), CA

How much do homes in El Paso de Robles (Paso Robles), CA cost?

Median Sold Price

$703,750

$416/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$28,750(+4.3%)

Key Takeaway

Homes in El Paso de Robles (Paso Robles) have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in El Paso de Robles (Paso Robles) was $703,750 in February 2024, up 4.3% from last year, and the median price per square foot was $416.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $638.6K$296K
-53.7%
2 $440K$444K
+0.9%
3 $662.4K$695K
+4.9%
4 $825K$879K
+6.5%
5+ $1.0M$817K
-18.7%

Summary: El Paso de Robles (Paso Robles) housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.7%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 18.7%.

Median Sold Price Compared To Nearby Cities

El Paso de Robles (Paso Robles)
+4.3%
Paso Robles
+0.6%

Housing Supply in El Paso de Robles (Paso Robles), CA

How many homes are available in El Paso de Robles (Paso Robles), CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7876-2.6%

Summary: The El Paso de Robles (Paso Robles) real estate market had 76 homes for sale in February 2024, a 2.6% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 02
+100.0%
2 1815
-16.7%
3 3736
-2.7%
4 1719
+11.8%
5+ 64
-33.3%

Summary: The El Paso de Robles (Paso Robles) housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1820+11.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in El Paso de Robles (Paso Robles), you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in El Paso de Robles (Paso Robles) in February 2024, up by 11.1% month-over-month. Of the 20 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.

Days on Market for El Paso de Robles (Paso Robles), CA

How long does it take to sell a home in El Paso de Robles (Paso Robles), CA?

Average Sale Time

Feb 2023Feb 2024CHANGE
81 Days32 Days-60.5%

Summary: Homes in El Paso de Robles (Paso Robles) had an average of 32 days on market in Feb 2024, down by 60.5% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in El Paso de Robles (Paso Robles) are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 20 homes were sold in El Paso de Robles (Paso Robles); 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 27 Days Ago

Newest Listings in El Paso de Robles (Paso Robles), CA

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