Is Loma Linda, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Loma Linda is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Loma Linda has remained a Seller's Market.

Key Takeaway

Loma Linda is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Loma Linda, CA cost?

Median Sold Price

$567,500

$341/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$48,500(+9.3%)

Key Takeaway

Homes in Loma Linda have sold for 9.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $220K$266K
+20.9%
2 $372.4K$435K
+16.8%
3 $490K$545K
+11.2%
4 $577.5K$665K
+15.2%
5+ $650K$729.2K
+12.2%

Median Sold Price Compared To Nearby Cities

Colton
+20.9%
San Bernardino
+15.2%
Redlands
+10.6%
Loma Linda
+9.3%

How many homes are available in Loma Linda, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
3426-23.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 56
+20.0%
3 1512
-20.0%
4 93
-66.7%
5+ 44
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
108-20.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Loma Linda, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
17 Days44 Days+156.8%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Loma Linda has remained consistent over time.

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

About Loma Linda, CA

Homes for sale in Loma Linda, CA have reached 26. The inventory of homes for sale in Loma Linda, CA between October 2022 and November 2022 decreased by 23.5%. The median list price of listings available in November 2022 was $567,500, while the average time on the real estate market was 44 days. Real estate listing prices changed between October 2022 and November 2022: the cost of 1 bedroom properties went up by 20.9%, 2 bedrooms properties prices increased by 16.8%, 3 bedrooms properties prices increased by 11.2%, prices of 4 bedrooms properties went up by 15.2%, 5 bedrooms properties became 12.2% more expensive. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went up by 20%, the quantity of 3 bedrooms homes went down by 20%, number of 4 bedrooms homes decreased by 66.7%, number of 5 bedrooms homes remained the same. While more than 2 listings in Loma Linda, CA in November 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 5 were sold below.

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