Is Fallbrook, 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, Fallbrook has remained a Seller's Market.
Housing Prices in Fallbrook, CA
How much do homes in Fallbrook, CA cost?
Median Sold Price
$872,958
$405/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fallbrook was $872,958 in March 2024, up 2.7% from last year, and the median price per square foot was $405.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $375K | $400K | +6.7% |
2 Bedrooms | $573.5K | $623K | +8.6% |
3 Bedrooms | $775.3K | $795K | +2.5% |
4 Bedrooms | $936K | $980K | +4.7% |
5+ Bedrooms | $1.3M | $1.3M | -4.2% |
Summary: Fallbrook housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Cities
Fallbrook | $849.7K | $872.9K | +2.7% |
Pauma Valley | $765K | $775K | +1.3% |
Valley Center | $906K | $882.4K | -2.6% |
Housing Supply in Fallbrook, CA
How many homes are available in Fallbrook, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
183 | 195 | +6.6% |
Summary: The Fallbrook real estate market had 195 homes for sale in March 2024, a 6.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 25 | 18 | -28.0% |
3 Bedrooms | 62 | 82 | +32.3% |
4 Bedrooms | 64 | 60 | -6.3% |
5+ Bedrooms | 30 | 33 | +10.0% |
Summary: The Fallbrook 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 28%, 3 bedroom homes increased by 32.3%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 49 | +22.5% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Fallbrook in March 2024, up by 22.5% month-over-month. Of the 49 sold homes, 43% were sold under asking, 22% were sold at asking, and 35% were sold over asking.
Days on Market for Fallbrook, CA
How long does it take to sell a home in Fallbrook, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 38 Days | +3.6% |
Summary: Homes in Fallbrook had an average of 38 days on market in Mar 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 49 homes were sold in Fallbrook; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.