Is Lake Mathews, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Lake Mathews was a Seller's Market.
Housing Prices in Lake Mathews, CA
How much do homes in Lake Mathews, CA cost?
Median Sold Price
$796,000
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lake Mathews was $796,000 in June 2024, up 6.1% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $322.5K | - | N/A |
2 Bedrooms | $677.5K | $730K | +7.7% |
3 Bedrooms | $695K | $687.4K | -1.1% |
4 Bedrooms | $760K | $820K | +7.9% |
5+ Bedrooms | $945K | $980K | +3.7% |
Summary: Lake Mathews housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
Riverside | $595.6K | $647.1K | +8.7% |
Corona | $691K | $746K | +8.0% |
Elsinore Valley | $590K | $629K | +6.6% |
Lake Mathews | $750K | $796K | +6.1% |
Lake Elsinore | $560K | $578.8K | +3.4% |
Housing Supply in Lake Mathews, CA
How many homes are available in Lake Mathews, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
123 | 132 | +7.3% |
Summary: The Lake Mathews real estate market had 132 homes for sale in June 2024, a 7.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 14 | +27.3% |
3 Bedrooms | 35 | 33 | -5.7% |
4 Bedrooms | 54 | 58 | +7.4% |
5+ Bedrooms | 23 | 27 | +17.4% |
Summary: The Lake Mathews housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 17.4%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
24 | 19 | -20.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Lake Mathews in June 2024, down by 20.8% month-over-month. Of the 19 sold homes, 32% were sold under asking, 32% were sold at asking, and 37% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
43 Days | 29 Days | -32.6% |
Summary: Homes in Lake Mathews had an average of 29 days on market in Jun 2024, down by 32.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 19 homes were sold in Lake Mathews; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.