Is La Mesa, 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, 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
$825,833
$543/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in La Mesa have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in La Mesa was $825,833 in March 2024, up 5.9% from last year, and the median price per square foot was $543.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | $412.5K | +5.8% |
| 2 Bedrooms | $577K | $600K | +4.0% |
| 3 Bedrooms | $807.5K | $850K | +5.3% |
| 4 Bedrooms | $950.5K | $1.0M | +6.3% |
| 5+ Bedrooms | $1.2M | $1.3M | +9.2% |
Summary: La Mesa housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Cities
| El Cajon | $675K | $750K | +11.1% |
| San Diego | $853.5K | $905.2K | +6.1% |
| La Mesa | $779.5K | $825.8K | +5.9% |
| Lemon Grove | $671K | $705K | +5.1% |
Housing Supply in La Mesa, CA
How many homes are available in La Mesa, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 119 | 143 | +20.2% |
Summary: The La Mesa real estate market had 143 homes for sale in March 2024, a 20.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 9 | +80.0% |
| 2 Bedrooms | 26 | 32 | +23.1% |
| 3 Bedrooms | 50 | 55 | +10.0% |
| 4 Bedrooms | 31 | 34 | +9.7% |
| 5+ Bedrooms | 7 | 13 | +85.7% |
Summary: The La Mesa housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 80%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 85.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 38 | 44 | +15.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in La Mesa, you could pay more than the asking price. 43.2% of homes here sold above asking price last month.
Summary: A total of 44 homes were sold or pending in La Mesa in March 2024, up by 15.8% month-over-month. Of the 44 sold homes, 34% were sold under asking, 23% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 16 Days | -54.5% |
Summary: Homes in La Mesa had an average of 16 days on market in Mar 2024, down by 54.5% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in La Mesa are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 44 homes were sold in La Mesa; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% 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.