Is Elsinore Valley, 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, 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
$612,595
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Elsinore Valley was $612,595 in March 2024, up 2.1% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $330K | $395K | +19.7% |
2 Bedrooms | $449.9K | $537.5K | +19.5% |
3 Bedrooms | $552.4K | $564.8K | +2.2% |
4 Bedrooms | $640K | $640K | 0.0% |
5+ Bedrooms | $732.1K | $752.5K | +2.8% |
Summary: Elsinore Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.7%, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 2.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
Lake Mathews | $749K | $799.9K | +6.8% |
Quail Valley | $625K | $653K | +4.5% |
Elsinore Valley | $599.9K | $612.5K | +2.1% |
Lake Elsinore | $570.1K | $570K | 0% |
Canyon Lake | $665K | $660K | -0.8% |
Housing Supply in Elsinore Valley, CA
How many homes are available in Elsinore Valley, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
375 | 401 | +6.9% |
Summary: The Elsinore Valley real estate market had 401 homes for sale in March 2024, a 6.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 36 | 45 | +25.0% |
3 Bedrooms | 129 | 132 | +2.3% |
4 Bedrooms | 137 | 146 | +6.6% |
5+ Bedrooms | 66 | 72 | +9.1% |
Summary: The Elsinore Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
81 | 109 | +34.6% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
44 Homes Were Sold
Over Asking
Summary: A total of 109 homes were sold or pending in Elsinore Valley in March 2024, up by 34.6% month-over-month. Of the 109 sold homes, 33% were sold under asking, 27% were sold at asking, and 40% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 40 Days | -31.6% |
Summary: Homes in Elsinore Valley had an average of 40 days on market in Mar 2024, down by 31.6% compared to last year.
Breakdown of Home Sale Times
80 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During March 2024, 109 homes were sold in Elsinore Valley; 73% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.