Is Loma Linda, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Loma Linda has remained a Neutral Market.
Housing Prices in Loma Linda, CA
How much do homes in Loma Linda, CA cost?
Median Sold Price
$577,000
$351/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Loma Linda was $577,000 in March 2024, up 0.3% from last year, and the median price per square foot was $351.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $269K | $255K | -5.2% |
2 Bedrooms | $440K | $460.5K | +4.7% |
3 Bedrooms | $565K | $560K | -0.9% |
4 Bedrooms | $670K | $680K | +1.5% |
5+ Bedrooms | $755K | $705K | -6.6% |
Summary: Loma Linda housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 4.7%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 6.6%.
Median Sold Price Compared To Nearby Cities
Redlands | $595K | $613K | +3.0% |
San Bernardino | $459.8K | $465.6K | +1.3% |
Colton | $470K | $473.3K | +0.7% |
Loma Linda | $575K | $577K | 0.3% |
Housing Supply in Loma Linda, CA
How many homes are available in Loma Linda, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 31 | +3.3% |
Summary: The Loma Linda real estate market had 31 homes for sale in March 2024, a 3.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 8 | -27.3% |
3 Bedrooms | 11 | 12 | +9.1% |
4 Bedrooms | 2 | 5 | +150.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Loma Linda housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 27.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Loma Linda in March 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
6 Days | 7 Days | +16.7% |
Summary: Homes in Loma Linda had an average of 7 days on market in Mar 2024, up by 16.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Loma Linda; 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.