Is Lake Mathews, CA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Lake Mathews is a neutral's market


Difference Since February 2023

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

Key Takeaway

Lake Mathews is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Lake Mathews, CA

How much do homes in Lake Mathews, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2023


Key Takeaway

Homes in Lake Mathews have sold for 4% more than they did a year ago.

Summary: The median home sold price in Lake Mathews was $790,000 in February 2024, up 4% from last year, and the median price per square foot was $324.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $322.5K-
2 $705.2K$695K
3 $680K$722.5K
4 $752.2K$812.5K
5+ $960K$1.0M

Summary: Lake Mathews housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 12.8%.

Median Sold Price Compared To Nearby Cities

Lake Mathews
Elsinore Valley
Lake Elsinore

Housing Supply in Lake Mathews, CA

How many homes are available in Lake Mathews, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE

Summary: The Lake Mathews real estate market had 109 homes for sale in February 2024, a 11.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
2 69
3 3632
4 3642
5+ 2026

Summary: The Lake Mathews housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 30%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Mathews, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Lake Mathews in February 2024, the same as the previous month. Of the 16 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% were sold over asking.

Days on Market for Lake Mathews, CA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
76 Days61 Days-19.8%

Summary: Homes in Lake Mathews had an average of 61 days on market in Feb 2024, down by 19.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 16 homes were sold in Lake Mathews; 44% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 38% 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 3 Days Ago

Newest Listings in Lake Mathews, CA

Nearby Markets to Lake Mathews, CA

What housing markets are near Lake Mathews, CA?