Is La Mesa, 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, La Mesa has remained a Seller's Market.
Housing Prices in La Mesa, CA
How much do homes in La Mesa, CA cost?
Median Sold Price
$843,333
$552/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in La Mesa was $843,333 in June 2024, up 10.6% from last year, and the median price per square foot was $552.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $387.2K | $425K | +9.7% |
2 Bedrooms | $577K | $605K | +4.9% |
3 Bedrooms | $800K | $862.5K | +7.8% |
4 Bedrooms | $951K | $1.0M | +10.4% |
5+ Bedrooms | $1.2M | $1.4M | +13.9% |
Summary: La Mesa housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Cities
El Cajon | $688.7K | $773.3K | +12.3% |
La Mesa | $762.7K | $843.3K | +10.6% |
Lemon Grove | $666K | $730K | +9.6% |
San Diego | $852.8K | $929.8K | +9.0% |
Housing Supply in La Mesa, CA
How many homes are available in La Mesa, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
159 | 182 | +14.5% |
Summary: The La Mesa real estate market had 182 homes for sale in June 2024, a 14.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 9 | +12.5% |
2 Bedrooms | 37 | 39 | +5.4% |
3 Bedrooms | 56 | 66 | +17.9% |
4 Bedrooms | 38 | 45 | +18.4% |
5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The La Mesa housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
41 | 46 | +12.2% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in La Mesa in June 2024, up by 12.2% month-over-month. Of the 46 sold homes, 37% were sold under asking, 20% were sold at asking, and 43% were sold over asking.
Days on Market for La Mesa, CA
How long does it take to sell a home in La Mesa, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
14 Days | 21 Days | +50.7% |
Summary: Homes in La Mesa had an average of 21 days on market in Jun 2024, up by 50.7% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 46 homes were sold in La Mesa; 80% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.