Is Fallbrook, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fallbrook is a seller's market

Buyer's
Market

Difference Since January 2023

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

Key Takeaway

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

Housing Prices in Fallbrook, CA

How much do homes in Fallbrook, CA cost?

Median Sold Price

$859,427

$399/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$3,160(+0.4%)

Key Takeaway

The sold price of homes in Fallbrook has remained the same since last year.

Summary: The median home sold price in Fallbrook was $859,427 in January 2024, up 0.4% from last year, and the median price per square foot was $399.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $375K$393.5K
+4.9%
2 $580K$624K
+7.6%
3 $776.3K$786.6K
+1.3%
4 $951.6K$948.4K
-0.3%
5+ $1.3M$1.2M
-6.3%

Summary: Fallbrook housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 6.3%.

Median Sold Price Compared To Nearby Cities

Pauma Valley
+2.0%
Fallbrook
0.4%
Valley Center
-4.4%

Housing Supply in Fallbrook, CA

How many homes are available in Fallbrook, CA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
159167+5.0%

Summary: The Fallbrook real estate market had 167 homes for sale in January 2024, a 5.0% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 22
0.0%
2 1819
+5.6%
3 5256
+7.7%
4 6361
-3.2%
5+ 2429
+20.8%

Summary: The Fallbrook housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 20.8%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
4131-24.4%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fallbrook, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Fallbrook in January 2024, down by 24.4% month-over-month. Of the 31 sold homes, 45% were sold under asking, 29% were sold at asking, and 26% 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

Jan 2023Jan 2024CHANGE
35 Days42 Days+18.5%

Summary: Homes in Fallbrook had an average of 42 days on market in Jan 2024, up by 18.5% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 31 homes were sold in Fallbrook; 48% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.

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

Report Updated 20 Days Ago

Newest Listings in Fallbrook, CA

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