Is Los Banos, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Los Banos is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Los Banos was a Seller's Market.

Key Takeaway

Los Banos is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Los Banos, CA cost?

Median Sold Price

$450,000

$278/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$35,000(+8.4%)

Key Takeaway

Homes in Los Banos have sold for 8.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$170K
N/A
2 $328K$390K
+18.9%
3 $389K$419K
+7.7%
4 $448K$487.5K
+8.8%
5+ $525K$550K
+4.8%

How many homes are available in Los Banos, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
4142+2.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 00
0.0%
3 1514
-6.7%
4 2226
+18.2%
5+ 42
-50.0%

Number of Homes Sold

Oct 2022Nov 2022%
85-37.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Los Banos, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
8 Days54 Days+573.0%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Los Banos 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 Los Banos, CA

Number of homes for sale in Los Banos, CA real estate market have reached 42. Between October 2022 and November 2022, Los Banos, CA real estate market has seen increase in the number of listings by 2.4%. Listings spent 54 days on the market in November 2022, and had a median list price of $450,000 during the same period. Listing prices have changed in this real estate market between October 2022 and November 2022: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 18.9%, prices of 3 bedrooms properties went up by 7.7%, prices of 4 bedrooms properties increased by 8.8%, 5 bedrooms properties prices increased by 4.8%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, number of 2 bedrooms homes remained the same, the quantity of 3 bedrooms homes went down by 6.7%, volume of 4 bedrooms homes went up by 18.2%, number of 5 bedrooms homes decreased by 50%. In November 2022, from all listings sold in Los Banos, CA there were more than 0 sold above asking price, over 3 sold below and more than 2 were sold right at the asked price.