Is Elsinore Valley, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elsinore Valley is a seller's market

Buyer's
Market

Difference Since June 2021

Since last year, Elsinore Valley has remained a Seller's Market.

Key Takeaway

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

How much do homes in Elsinore Valley, CA cost?

Median Sold Price

$590,114

$298/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$93,407(+18.8%)

Key Takeaway

Homes in Elsinore Valley have sold for 18.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 $215K$293.5K
+36.5%
2 $421K$410K
-2.6%
3 $449.8K$545K
+21.2%
4 $521.8K$625K
+19.8%
5+ $598.6K$740K
+23.6%

Median Sold Price Compared To Nearby Cities

Lake Elsinore
+22.0%
Elsinore Valley
+18.8%
Quail Valley
+15.3%
Lake Mathews
+15.1%
Canyon Lake
+14.1%

How many homes are available in Elsinore Valley, CA?

Number of Homes For Sale

May 2022Jun 2022%
535516-3.6%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 87
-12.5%
2 5452
-3.7%
3 174162
-6.9%
4 198196
-1.0%
5+ 10199
-2.0%

Number of Homes Sold

May 2022Jun 2022%
171134-21.6%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

28 Homes Were Sold
At Asking

82 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elsinore Valley, you could pay more than the asking price. 61.2% of homes here sold above asking price last month.

Average Sale Time

Jun 2021Jun 2022%
15 Days20 Days+29.0%

Breakdown of Home Sale Times

111 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Elsinore Valley, CA

There are 516 homes are for sale in Elsinore Valley, CA real estate market. In June 2022 in Elsinore Valley, CA there were 3.6% less homes for sale than in May 2022. The median list price of listings available in June 2022 was $590,114, while the average time on the real estate market was 20 days. From May 2022 through June 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 36.5% more expensive, prices of 2 bedrooms properties decreased by 2.6%, prices of 3 bedrooms properties went up by 21.2%, 4 bedrooms properties prices increased by 19.8%, 5 bedrooms properties prices increased by 23.6%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes decreased by 12.5%, volume of 2 bedrooms homes went down by 3.7%, 3 bedrooms homes became 6.9% less available, 4 bedrooms homes inventory decreased by 1%, the quantity of 5 bedrooms homes went down by 2%. Elsinore Valley, CA housing market in June 2022 saw over 82 listings sold above listed price, more than 28 sold at listed price and over 24 sold below.

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