Is Hillcrest, 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, Hillcrest has remained a Seller's Market.
Housing Prices in Hillcrest, CA
How much do homes in Hillcrest, CA cost?
Median Sold Price
$800,000
$719/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hillcrest was $800,000 in March 2024, up 6.7% from last year, and the median price per square foot was $719.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $485K | $550K | +13.4% |
2 Bedrooms | $759K | $800K | +5.4% |
3 Bedrooms | $1.4M | $1.1M | -16.8% |
4 Bedrooms | $1.8M | $1.8M | -2.4% |
5+ Bedrooms | $1.5M | $2.0M | +37.6% |
Summary: Hillcrest housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes increased by 5.4%, 3 bedroom homes decreased by 16.8%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 37.6%.
Housing Supply in Hillcrest, CA
How many homes are available in Hillcrest, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 53 | +51.4% |
Summary: The Hillcrest real estate market had 53 homes for sale in March 2024, a 51.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 15 | +66.7% |
2 Bedrooms | 21 | 31 | +47.6% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Hillcrest housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 47.6%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 17 | +183.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Hillcrest in March 2024, up by 183.3% month-over-month. Of the 17 sold homes, 47% were sold under asking, 24% were sold at asking, and 29% were sold over asking.
Days on Market for Hillcrest, CA
How long does it take to sell a home in Hillcrest, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
18 Days | 23 Days | +30.1% |
Summary: Homes in Hillcrest had an average of 23 days on market in Mar 2024, up by 30.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Hillcrest; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.