Is Magnolia Center, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Magnolia Center has remained a Seller's Market.
Key Takeaway
Magnolia Center is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Magnolia Center, CA
How much do homes in Magnolia Center, CA cost?
Median Sold Price
$570,500
$416/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Magnolia Center have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Magnolia Center was $570,500 in April 2024, up 6.6% from last year, and the median price per square foot was $416.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $276K | - | N/A |
| 2 Bedrooms | $440K | $520K | +18.2% |
| 3 Bedrooms | $540K | $579.5K | +7.3% |
| 4 Bedrooms | $612.5K | $645K | +5.3% |
| 5+ Bedrooms | $750K | $650K | -13.3% |
Summary: Magnolia Center housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 13.3%.
Housing Supply in Magnolia Center, CA
How many homes are available in Magnolia Center, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 26 | 0.0% |
Summary: The Magnolia Center real estate market had 26 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Magnolia Center housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Magnolia Center, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Magnolia Center in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Magnolia Center, CA
How long does it take to sell a home in Magnolia Center, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 29 Days | +40.0% |
Summary: Homes in Magnolia Center had an average of 29 days on market in Apr 2024, up by 40% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Magnolia Center are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Magnolia Center; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.