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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Idyllwild is a buyer's market

Buyer's
Market

Difference Since January 2023

At the same time last year, Idyllwild was a Seller's Market.

Key Takeaway

Idyllwild is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Idyllwild, CA

How much do homes in Idyllwild, CA cost?

Median Sold Price

$525,000

$320/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$16,500(-3.0%)

Key Takeaway

Homes in Idyllwild have sold for 3% less than they did a year ago.

Summary: The median home sold price in Idyllwild was $525,000 in January 2024, down 3% from last year, and the median price per square foot was $320.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $347.5K$342K
-1.6%
2 $466K$435K
-6.7%
3 $560K$561.5K
0.3%
4 $645K$686K
+6.4%
5+ $937K$850K
-9.3%

Summary: Idyllwild housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 9.3%.

Median Sold Price Compared To Nearby Cities

Mountain Center
+20.1%
Hemet-San Jacinto
-1.1%
Idyllwild
-3.0%
Anza
-3.8%

Housing Supply in Idyllwild, CA

How many homes are available in Idyllwild, CA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
143148+3.5%

Summary: The Idyllwild real estate market had 148 homes for sale in January 2024, a 3.5% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 66
0.0%
2 3941
+5.1%
3 6970
+1.4%
4 2122
+4.8%
5+ 89
+12.5%

Summary: The Idyllwild 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 5.1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
1714-17.6%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Idyllwild, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Idyllwild in January 2024, down by 17.6% month-over-month. Of the 14 sold homes, 71% were sold under asking, 7% were sold at asking, and 21% were sold over asking.

Days on Market for Idyllwild, CA

How long does it take to sell a home in Idyllwild, CA?

Average Sale Time

Jan 2023Jan 2024CHANGE
76 Days70 Days-8.2%

Summary: Homes in Idyllwild had an average of 70 days on market in Jan 2024, down by 8.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 14 homes were sold in Idyllwild; 50% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 36% 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 21 Days Ago

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