Is Loma Linda, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Loma Linda has remained a Seller's Market.
Housing Prices in Loma Linda, CA
How much do homes in Loma Linda, CA cost?
Median Sold Price
$592,600
$360/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Loma Linda was $592,600 in June 2024, up 2.2% from last year, and the median price per square foot was $360.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $269K | $255K | -5.2% |
2 Bedrooms | $456K | $475K | +4.2% |
3 Bedrooms | $565K | $565K | 0.0% |
4 Bedrooms | $662.4K | $693K | +4.6% |
5+ Bedrooms | $700K | $725K | +3.6% |
Summary: Loma Linda housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 4.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
Redlands | $580.5K | $629K | +8.4% |
San Bernardino | $453K | $475K | +4.8% |
Colton | $465K | $483.3K | +3.9% |
Loma Linda | $580K | $592.6K | +2.2% |
Housing Supply in Loma Linda, CA
How many homes are available in Loma Linda, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
38 | 39 | +2.6% |
Summary: The Loma Linda real estate market had 39 homes for sale in June 2024, a 2.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 17 | 17 | 0.0% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Loma Linda housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
6 | 11 | +83.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Loma Linda in June 2024, up by 83.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.
Days on Market for Loma Linda, CA
How long does it take to sell a home in Loma Linda, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
17 Days | 32 Days | +81.6% |
Summary: Homes in Loma Linda had an average of 32 days on market in Jun 2024, up by 81.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 11 homes were sold in Loma Linda; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.