Is Lake Mathews, 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, Lake Mathews has remained a Seller's Market.
Housing Prices in Lake Mathews, CA
How much do homes in Lake Mathews, CA cost?
Median Sold Price
$799,950
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lake Mathews was $799,950 in March 2024, up 6.8% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $322.5K | - | N/A |
2 Bedrooms | $675K | $699K | +3.6% |
3 Bedrooms | $680K | $729.9K | +7.3% |
4 Bedrooms | $749K | $825K | +10.1% |
5+ Bedrooms | $980K | $1.0M | +7.1% |
Summary: Lake Mathews housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
Riverside | $590.5K | $631K | +6.9% |
Lake Mathews | $749K | $799.9K | +6.8% |
Corona | $703.8K | $729.9K | +3.7% |
Elsinore Valley | $599.9K | $612.5K | +2.1% |
Lake Elsinore | $570.1K | $570K | 0% |
Housing Supply in Lake Mathews, CA
How many homes are available in Lake Mathews, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
106 | 114 | +7.5% |
Summary: The Lake Mathews real estate market had 114 homes for sale in March 2024, a 7.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 13 | +44.4% |
3 Bedrooms | 33 | 33 | 0.0% |
4 Bedrooms | 39 | 36 | -7.7% |
5+ Bedrooms | 25 | 32 | +28.0% |
Summary: The Lake Mathews housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 28%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 27 | +42.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Lake Mathews in March 2024, up by 42.1% month-over-month. Of the 27 sold homes, 41% were sold under asking, 22% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 47 Days | -19.2% |
Summary: Homes in Lake Mathews had an average of 47 days on market in Mar 2024, down by 19.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in Lake Mathews; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.