Is Mount Baldy-Wrightwood, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Baldy-Wrightwood is a seller's market

Buyer's
Market

Difference Since August 2023

Since last year, Mount Baldy-Wrightwood has remained a Seller's Market.

Key Takeaway

Mount Baldy-Wrightwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mount Baldy-Wrightwood, CA

How much do homes in Mount Baldy-Wrightwood, CA cost?

Median Sold Price

$450,000

$324/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since August 2023.

Key Takeaway

The sold price of homes in Mount Baldy-Wrightwood has remained the same since last year.

Summary: The median home sold price in Mount Baldy-Wrightwood was $450,000 in August 2024, the same as last year, and the median price per square foot was $324.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $317K$275K
-13.2%
2 $391.5K$377K
-3.7%
3 $474K$475K
0.2%
4 $570K$565K
-0.9%
5+ $610K$917.4K
+50.4%

Summary: Mount Baldy-Wrightwood housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.2%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 50.4%.

Median Sold Price Compared To Nearby Cities

Rancho Cucamonga
+7.6%
Phelan
+2.7%
Wrightwood
+2.0%
Mount Baldy-Wrightwood
0.0%

Housing Supply in Mount Baldy-Wrightwood, CA

How many homes are available in Mount Baldy-Wrightwood, CA?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
71710.0%

Summary: The Mount Baldy-Wrightwood real estate market had 71 homes for sale in August 2024, the same as July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 34
+33.3%
2 2123
+9.5%
3 3129
-6.5%
4 1312
-7.7%
5+ 33
0.0%

Summary: The Mount Baldy-Wrightwood housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 9.5%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
1012+20.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Baldy-Wrightwood, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Mount Baldy-Wrightwood in August 2024, up by 20.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.

Days on Market for Mount Baldy-Wrightwood, CA

How long does it take to sell a home in Mount Baldy-Wrightwood, CA?

Average Sale Time

Aug 2023Aug 2024CHANGE
123 Days38 Days-68.6%

Summary: Homes in Mount Baldy-Wrightwood had an average of 38 days on market in Aug 2024, down by 68.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mount Baldy-Wrightwood are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 12 homes were sold in Mount Baldy-Wrightwood; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

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