Is Lemon Grove, CA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Lemon Grove is a seller's market


Difference Since November 2022

Since last year, Lemon Grove has remained a Seller's Market.

Key Takeaway

Lemon Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lemon Grove, CA

How much do homes in Lemon Grove, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Lemon Grove have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in Lemon Grove was $681,000 in November 2023, down 1.3% from last year, and the median price per square foot was $509.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $390K$630K
2 $550K$562.5K
3 $699.5K$692.5K
4 $750K$827.5K
5+ $999.9K$830K

Summary: Lemon Grove housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 61.5%, 2 bedroom homes increased by 2.3%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 17%.

Median Sold Price Compared To Nearby Cities

San Diego
La Mesa
Lemon Grove

Housing Supply in Lemon Grove, CA

How many homes are available in Lemon Grove, CA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Lemon Grove real estate market had 40 homes for sale in November 2023, the same as October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 01
2 77
3 1618
4 107
5+ 77

Summary: The Lemon Grove housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lemon Grove, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Lemon Grove in November 2023, down by 21.4% month-over-month. Of the 11 sold homes, 27% were sold under asking, 18% were sold at asking, and 55% were sold over asking.

Days on Market for Lemon Grove, CA

How long does it take to sell a home in Lemon Grove, CA?

Average Sale Time

Nov 2022Nov 2023CHANGE
35 Days6 Days-82.4%

Summary: Homes in Lemon Grove had an average of 6 days on market in Nov 2023, down by 82.4% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2023, 11 homes were sold in Lemon Grove; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Lemon Grove, CA

Nearby Markets to Lemon Grove, CA

What housing markets are near Lemon Grove, CA?