Is La Mesa, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Mesa is a seller's market

Buyer's
Market

Difference Since January 2023

Since last year, La Mesa has remained a Seller's Market.

Key Takeaway

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

Housing Prices in La Mesa, CA

How much do homes in La Mesa, CA cost?

Median Sold Price

$810,000

$535/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$28,933(+3.7%)

Key Takeaway

Homes in La Mesa have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in La Mesa was $810,000 in January 2024, up 3.7% from last year, and the median price per square foot was $535.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $395K$410K
+3.8%
2 $572.6K$600K
+4.8%
3 $835K$821.3K
-1.6%
4 $952K$990K
+4.0%
5+ $1.1M$1.3M
+14.7%

Summary: La Mesa housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 14.7%.

Median Sold Price Compared To Nearby Cities

El Cajon
+7.5%
San Diego
+4.7%
La Mesa
+3.7%
Lemon Grove
+1.3%

Housing Supply in La Mesa, CA

How many homes are available in La Mesa, CA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
93107+15.1%

Summary: The La Mesa real estate market had 107 homes for sale in January 2024, a 15.1% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 32
-33.3%
2 1924
+26.3%
3 3348
+45.5%
4 2523
-8.0%
5+ 1310
-23.1%

Summary: The La Mesa housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 45.5%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 23.1%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
3931-20.5%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Mesa, you may be able to get a good deal. 48.4% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in La Mesa in January 2024, down by 20.5% month-over-month. Of the 31 sold homes, 48% were sold under asking, 10% were sold at asking, and 42% 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

Jan 2023Jan 2024CHANGE
24 Days17 Days-25.9%

Summary: Homes in La Mesa had an average of 17 days on market in Jan 2024, down by 25.9% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 31 homes were sold in La Mesa; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

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