Is Los Banos, 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, Los Banos has remained a Seller's Market.
Housing Prices in Los Banos, CA
How much do homes in Los Banos, CA cost?
Median Sold Price
$483,900
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Los Banos was $483,900 in March 2024, up 7.5% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $482.5K | N/A |
2 Bedrooms | $400K | $322K | -19.5% |
3 Bedrooms | $425K | $430K | +1.2% |
4 Bedrooms | $477.2K | $500K | +4.8% |
5+ Bedrooms | $526K | $549.5K | +4.5% |
Summary: Los Banos housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 4.5%.
Housing Supply in Los Banos, CA
How many homes are available in Los Banos, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 42 | +7.7% |
Summary: The Los Banos real estate market had 42 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 1 | -75.0% |
3 Bedrooms | 11 | 14 | +27.3% |
4 Bedrooms | 17 | 21 | +23.5% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Los Banos 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 75%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Los Banos in March 2024, up by 10.0% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.
Days on Market for Los Banos, CA
How long does it take to sell a home in Los Banos, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 42 Days | -29.7% |
Summary: Homes in Los Banos had an average of 42 days on market in Mar 2024, down by 29.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Los Banos; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.