Is Lake Elsinore Historic District, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lake Elsinore Historic District has remained a Seller's Market.
Key Takeaway
Lake Elsinore Historic District is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Elsinore Historic District, CA
How much do homes in Lake Elsinore Historic District, CA cost?
Median Sold Price
$455,000
$337/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Lake Elsinore Historic District have sold for 22.7% less than they did a month ago.
Summary: The median home sold price in Lake Elsinore Historic District was $455,000 in April 2024, down 22.7% from last month, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $280K | N/A |
| 3 Bedrooms | $588.6K | $630K | +7.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lake Elsinore Historic District housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Lake Elsinore Historic District | $588.6K | $455K | -22.7% |
| Country Club Heights | $610K | $399K | -34.6% |
Housing Supply in Lake Elsinore Historic District, CA
How many homes are available in Lake Elsinore Historic District, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Summary: The Lake Elsinore Historic District real estate market had 7 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lake Elsinore Historic District housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Elsinore Historic District, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Lake Elsinore Historic District in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Lake Elsinore Historic District, CA
How long does it take to sell a home in Lake Elsinore Historic District, CA?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 13 Days | -37.2% |
Summary: Homes in Lake Elsinore Historic District had an average of 13 days on market in Apr 2024, down by 37.2% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Elsinore Historic District are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Lake Elsinore Historic District; 100% of homes were sold within 30 days, 0% 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.