Is El Sereno, 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 Sereno has remained a Seller's Market.
Housing Prices in El Sereno, CA
How much do homes in El Sereno, CA cost?
Median Sold Price
$825,000
$667/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in El Sereno was $825,000 in March 2024, down 3.8% from last year, and the median price per square foot was $667.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $517.5K | $575K | +11.1% |
2 Bedrooms | $835K | $736.5K | -11.8% |
3 Bedrooms | $860K | $857.2K | -0.3% |
4 Bedrooms | $980K | $949K | -3.2% |
5+ Bedrooms | $1.0M | $1.2M | +12.0% |
Summary: El Sereno housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 12%.
Median Sold Price Compared To Nearby Neighborhoods
Montecito Heights | $740K | $775K | +4.7% |
The Eastside | $710K | $724K | +2.0% |
El Sereno | $857.5K | $825K | -3.8% |
Housing Supply in El Sereno, CA
How many homes are available in El Sereno, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 46 | -6.1% |
Summary: The El Sereno real estate market had 46 homes for sale in March 2024, a 6.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 11 | 8 | -27.3% |
3 Bedrooms | 23 | 22 | -4.3% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The El Sereno housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 10 | -37.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in El Sereno in March 2024, down by 37.5% month-over-month. Of the 10 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for El Sereno, CA
How long does it take to sell a home in El Sereno, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 37 Days | +17.2% |
Summary: Homes in El Sereno had an average of 37 days on market in Mar 2024, up by 17.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in El Sereno; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.