Is Magalia, 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, Magalia has remained a Seller's Market.
Housing Prices in Magalia, CA
How much do homes in Magalia, CA cost?
Median Sold Price
$303,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Magalia was $303,000 in March 2024, down 10.6% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $162.5K | -32.3% |
2 Bedrooms | $279K | $249.7K | -10.5% |
3 Bedrooms | $345K | $322.5K | -6.5% |
4 Bedrooms | $787K | $380K | -51.7% |
5+ Bedrooms | $455K | $625K | +37.4% |
Summary: Magalia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.3%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 51.7%, and 5+ bedroom homes increased by 37.4%.
Median Sold Price Compared To Nearby Cities
Paradise | $442K | $425K | -3.8% |
Magalia | $339K | $303K | -10.6% |
Housing Supply in Magalia, CA
How many homes are available in Magalia, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 35 | -2.8% |
Summary: The Magalia real estate market had 35 homes for sale in March 2024, a 2.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 26 | 26 | 0.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Magalia housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Magalia in March 2024, up by 16.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for Magalia, CA
How long does it take to sell a home in Magalia, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
87 Days | 48 Days | -44.9% |
Summary: Homes in Magalia had an average of 48 days on market in Mar 2024, down by 44.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Magalia; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.