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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lemon Grove is a seller's market

Buyer's
Market

Difference Since November 2021

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.

How much do homes in Lemon Grove, CA cost?

Median Sold Price

$690,000

$496/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$70,000(+11.3%)

Key Takeaway

Homes in Lemon Grove have sold for 11.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $282.5K$390K
+38.1%
2 $530K$550K
+3.8%
3 $620K$699.5K
+12.8%
4 $665K$750K
+12.8%
5+ $681K$999.9K
+46.8%

Median Sold Price Compared To Nearby Cities

San Diego
+14.8%
Lemon Grove
+11.3%
La Mesa
+10.4%

How many homes are available in Lemon Grove, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
4338-11.6%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 54
-20.0%
3 2427
+12.5%
4 124
-66.7%
5+ 23
+50.0%

Number of Homes Sold

Oct 2022Nov 2022%
1312-7.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 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. 58.3% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
15 Days35 Days+136.5%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Lemon Grove, CA

Number of homes for sale in Lemon Grove, CA real estate market have reached 38. Between October 2022 and November 2022, Lemon Grove, CA real estate market has seen decrease in the number of listings by 11.6%. The median list price of listings available in November 2022 was $690,000, while the average time on the real estate market was 35 days. This housing market listing prices have changed between October 2022 and November 2022: the cost of 1 bedroom properties went up by 38.1%, 2 bedrooms properties became 3.8% more expensive, 3 bedrooms properties prices increased by 12.8%, prices of 4 bedrooms properties increased by 12.8%, prices of 5 bedrooms properties went up by 46.8%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory decreased by 20%, volume of 3 bedrooms homes went up by 12.5%, number of 4 bedrooms homes decreased by 66.7%, volume of 5 bedrooms homes went up by 50%. In November 2022, from all listings sold in Lemon Grove, CA there were more than 7 sold above asking price, over 4 sold below and more than 1 were sold right at the asked price.

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