Is El Paso de Robles (Paso Robles), CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $638.6K | $296K | -53.7% |
2 Bedrooms | $440K | $444K | +0.9% |
3 Bedrooms | $662.4K | $695K | +4.9% |
4 Bedrooms | $825K | $879K | +6.5% |
5+ Bedrooms | $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) | $675K | $703.7K | +4.3% |
Paso Robles | $685.6K | $690K | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
78 | 76 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 18 | 15 | -16.7% |
3 Bedrooms | 37 | 36 | -2.7% |
4 Bedrooms | 17 | 19 | +11.8% |
5+ Bedrooms | 6 | 4 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
18 | 20 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
81 Days | 32 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
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.