Is Mountain Empire, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mountain Empire is a buyer's market

Buyer's
Market

Difference Since November 2022

Since last year, Mountain Empire has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Mountain Empire, CA

How much do homes in Mountain Empire, CA cost?

Median Sold Price

$455,000

$295/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

-$2,500(-0.5%)

Key Takeaway

Homes in Mountain Empire have sold for 0.5% less than they did a year ago.

Summary: The median home sold price in Mountain Empire was $455,000 in November 2023, down 0.5% from last year, and the median price per square foot was $295.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $279K$94K
-66.3%
2 $365K$369K
+1.1%
3 $470K$466K
-0.9%
4 $500K$498.5K
-0.3%
5+ $650K-
N/A

Summary: Mountain Empire housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 66.3%, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mountain Empire
-0.5%
Campo
-4.0%

Housing Supply in Mountain Empire, CA

How many homes are available in Mountain Empire, CA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
2228+27.3%

Summary: The Mountain Empire real estate market had 28 homes for sale in November 2023, a 27.3% increase compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 22
0.0%
2 48
+100.0%
3 1212
0.0%
4 45
+25.0%
5+ 01
+100.0%

Summary: The Mountain Empire housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
42-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mountain Empire, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Mountain Empire in November 2023, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Mountain Empire, CA

How long does it take to sell a home in Mountain Empire, CA?

Average Sale Time

Nov 2022Nov 2023CHANGE
56 Days22 Days-60.7%

Summary: Homes in Mountain Empire had an average of 22 days on market in Nov 2023, down by 60.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mountain Empire are selling fast, if you're buying plan to act quickly.

Summary: During November 2023, 2 homes were sold in Mountain Empire; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 1 Day Ago

Newest Listings in Mountain Empire, CA

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