Is Lemon Grove, 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, Lemon Grove has remained a Seller's Market.
Housing Prices in Lemon Grove, CA
How much do homes in Lemon Grove, CA cost?
Median Sold Price
$705,000
$518/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lemon Grove was $705,000 in March 2024, up 5.1% from last year, and the median price per square foot was $518.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $405K | $545K | +34.6% |
2 Bedrooms | $533.5K | $605K | +13.4% |
3 Bedrooms | $690K | $706.5K | +2.4% |
4 Bedrooms | $740K | $825K | +11.5% |
5+ Bedrooms | $1.0M | $800K | -21.7% |
Summary: Lemon Grove housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.6%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 21.7%.
Housing Supply in Lemon Grove, CA
How many homes are available in Lemon Grove, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 55 | +22.2% |
Summary: The Lemon Grove real estate market had 55 homes for sale in March 2024, a 22.2% 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 | 11 | +22.2% |
3 Bedrooms | 24 | 28 | +16.7% |
4 Bedrooms | 7 | 12 | +71.4% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Lemon Grove 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 22.2%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 17 | +70.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Lemon Grove in March 2024, up by 70.0% month-over-month. Of the 17 sold homes, 29% were sold under asking, 29% were sold at asking, and 41% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
14 Days | 28 Days | +92.2% |
Summary: Homes in Lemon Grove had an average of 28 days on market in Mar 2024, up by 92.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Lemon Grove; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.