Is Grand Terrace, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grand Terrace is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Grand Terrace, CA cost?

Median Sold Price

$530,000

$328/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$45,000(+9.3%)

Key Takeaway

Homes in Grand Terrace have sold for 9.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $326.7K$375K
+14.8%
3 $465K$505K
+8.6%
4 $505K$562.5K
+11.4%
5+ $545K$738K
+35.4%

Median Sold Price Compared To Nearby Cities

Colton
+20.9%
Grand Terrace
+9.3%

How many homes are available in Grand Terrace, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
3128-9.7%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 10
-100.0%
3 2221
-4.5%
4 43
-25.0%
5+ 44
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
78+14.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grand Terrace, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
11 Days46 Days+311.4%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Grand Terrace, CA

Homes for sale in Grand Terrace, CA have reached 28. The number of listings in Grand Terrace, CA decreased by 9.7% between October 2022 and November 2022. The median list price of listings available in November 2022 was $530,000, while the average time on the real estate market was 46 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 14.8% more expensive, prices of 3 bedrooms properties increased by 8.6%, prices of 4 bedrooms properties increased by 11.4%, 5 bedrooms properties became 35.4% more expensive. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went down by 100%, the quantity of 3 bedrooms homes went down by 4.5%, 4 bedrooms homes inventory decreased by 25%, the quantity of 5 bedrooms homes have not changed. In November 2022 more than 3 listings in Grand Terrace, CA were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 3 were sold below.

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