Is Emerald Lake Hills, 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, Emerald Lake Hills has remained a Seller's Market.
Key Takeaway
Emerald Lake Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Emerald Lake Hills, CA
How much do homes in Emerald Lake Hills, CA cost?
Median Sold Price
$2,405,000
$1,020/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Emerald Lake Hills have sold for 7.5% less than they did a year ago.
Summary: The median home sold price in Emerald Lake Hills was $2,405,000 in March 2024, down 7.5% from last year, and the median price per square foot was $1,020.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $640K | N/A |
| 2 Bedrooms | $1.4M | $1.7M | +19.4% |
| 3 Bedrooms | $2.3M | $2.2M | -6.6% |
| 4 Bedrooms | $3.1M | $2.7M | -12.7% |
| 5+ Bedrooms | $3.5M | $4.4M | +23.9% |
Summary: Emerald Lake Hills housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.4%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes increased by 23.9%.
Housing Supply in Emerald Lake Hills, CA
How many homes are available in Emerald Lake Hills, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Summary: The Emerald Lake Hills real estate market had 17 homes for sale in March 2024, a 21.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Emerald Lake Hills housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 75%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Emerald Lake Hills, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Emerald Lake Hills in March 2024, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Emerald Lake Hills, CA
How long does it take to sell a home in Emerald Lake Hills, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 10 Days | 17 Days | +73.3% |
Summary: Homes in Emerald Lake Hills had an average of 17 days on market in Mar 2024, up by 73.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Emerald Lake Hills are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Emerald Lake Hills; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.