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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Mathews is a neutral's market

Buyer'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

$790,000

$324/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$30,500(+4.0%)

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-
N/A
2 $705.2K$695K
-1.5%
3 $680K$722.5K
+6.3%
4 $752.2K$812.5K
+8.0%
5+ $960K$1.0M
+12.8%

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

Riverside
+5.9%
Lake Mathews
+4.0%
Corona
+1.7%
Elsinore Valley
+1.2%
Lake Elsinore
-1.2%

Housing Supply in Lake Mathews, CA

How many homes are available in Lake Mathews, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
98109+11.2%

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
0.0%
2 69
+50.0%
3 3632
-11.1%
4 3642
+16.7%
5+ 2026
+30.0%

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
16160.0%

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

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