Is Lemon Grove, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer'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
$681,000
$509/sqft
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
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | $630K | +61.5% |
| 2 Bedrooms | $550K | $562.5K | +2.3% |
| 3 Bedrooms | $699.5K | $692.5K | -1.0% |
| 4 Bedrooms | $750K | $827.5K | +10.3% |
| 5+ Bedrooms | $999.9K | $830K | -17.0% |
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%.
Housing Supply in Lemon Grove, CA
How many homes are available in Lemon Grove, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 40 | 40 | 0.0% |
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
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
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 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
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 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 35 Days | 6 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
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.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.