$10,000 Closing Credit*
$919,000
1,549 SqFt
3 Beds
•2 Full Baths
Jim Aldredge, Listing Office: Joy Realty
Is Lemon Grove, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
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
$730,000
$537/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$59,000(+8.8%)
Key Takeaway
Homes in Lemon Grove have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Lemon Grove was $730,000 in August 2024, up 8.8% from last year, and the median price per square foot was $537.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $630K | $422.5K | -32.9% |
| 2 Bedrooms | $555K | $592.5K | +6.8% |
| 3 Bedrooms | $679K | $755K | +11.2% |
| 4 Bedrooms | $727.5K | $785K | +7.9% |
| 5+ Bedrooms | $830K | $900K | +8.4% |
Summary: Lemon Grove housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.9%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 8.4%.
Housing Supply in Lemon Grove, CA
How many homes are available in Lemon Grove, CA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 45 | 55 | +22.2% |
Summary: The Lemon Grove real estate market had 55 homes for sale in August 2024, a 22.2% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 19 | 23 | +21.1% |
| 4 Bedrooms | 9 | 16 | +77.8% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Lemon Grove housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 77.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
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.
Summary: A total of 12 homes were sold or pending in Lemon Grove in August 2024, down by 7.7% month-over-month. Of the 12 sold homes, 17% were sold under asking, 25% were sold at asking, and 58% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 12 Days | 19 Days | +56.7% |
Summary: Homes in Lemon Grove had an average of 19 days on market in Aug 2024, up by 56.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 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 August 2024, 12 homes were sold in Lemon Grove; 67% of homes were sold within 30 days, 33% 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.