Is Elsinore Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Elsinore Valley has remained a Seller's Market.
Housing Prices in Elsinore Valley, CA
How much do homes in Elsinore Valley, CA cost?
Median Sold Price
$629,033
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Elsinore Valley was $629,033 in June 2024, up 6.6% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $395K | +12.9% |
2 Bedrooms | $490K | $540K | +10.2% |
3 Bedrooms | $548.8K | $580K | +5.7% |
4 Bedrooms | $618K | $650K | +5.2% |
5+ Bedrooms | $727K | $777K | +6.9% |
Summary: Elsinore Valley housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.9%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Cities
Elsinore Valley | $590K | $629K | +6.6% |
Lake Mathews | $750K | $796K | +6.1% |
Quail Valley | $636.2K | $664K | +4.4% |
Lake Elsinore | $560K | $578.8K | +3.4% |
Canyon Lake | $667K | $675K | +1.2% |
Housing Supply in Elsinore Valley, CA
How many homes are available in Elsinore Valley, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
439 | 444 | +1.1% |
Summary: The Elsinore Valley real estate market had 444 homes for sale in June 2024, a 1.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 9 | +28.6% |
2 Bedrooms | 58 | 55 | -5.2% |
3 Bedrooms | 144 | 149 | +3.5% |
4 Bedrooms | 152 | 157 | +3.3% |
5+ Bedrooms | 78 | 74 | -5.1% |
Summary: The Elsinore Valley housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 5.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
114 | 99 | -13.2% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Summary: A total of 99 homes were sold or pending in Elsinore Valley in June 2024, down by 13.2% month-over-month. Of the 99 sold homes, 36% were sold under asking, 20% were sold at asking, and 43% were sold over asking.
Days on Market for Elsinore Valley, CA
How long does it take to sell a home in Elsinore Valley, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
26 Days | 35 Days | +31.8% |
Summary: Homes in Elsinore Valley had an average of 35 days on market in Jun 2024, up by 31.8% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During June 2024, 99 homes were sold in Elsinore Valley; 57% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.