Is Grand Terrace, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
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.
Housing Prices in Grand Terrace, CA
How much do homes in Grand Terrace, CA cost?
Median Sold Price
$580,000
$351/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Grand Terrace have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Grand Terrace was $580,000 in June 2024, up 12.5% from last year, and the median price per square foot was $351.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $381K | $390K | +2.4% |
| 3 Bedrooms | $500K | $559K | +11.8% |
| 4 Bedrooms | $579.9K | $642K | +10.7% |
| 5+ Bedrooms | $729.5K | $862.5K | +18.2% |
Summary: Grand Terrace housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 18.2%.
Median Sold Price Compared To Nearby Cities
| Grand Terrace | $515.5K | $580K | +12.5% |
| Colton | $465K | $483.3K | +3.9% |
Housing Supply in Grand Terrace, CA
How many homes are available in Grand Terrace, CA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 33 | 27 | -18.2% |
Summary: The Grand Terrace real estate market had 27 homes for sale in June 2024, a 18.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 21 | 16 | -23.8% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Grand Terrace housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grand Terrace, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Grand Terrace in June 2024, up by 11.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for Grand Terrace, CA
How long does it take to sell a home in Grand Terrace, CA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 9 Days | 30 Days | +221.3% |
Summary: Homes in Grand Terrace had an average of 30 days on market in Jun 2024, up by 221.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Grand Terrace are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 10 homes were sold in Grand Terrace; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% 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.