Is Mountain Empire, 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, Mountain Empire has remained a Seller's Market.
Key Takeaway
Mountain Empire is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mountain Empire, CA
How much do homes in Mountain Empire, CA cost?
Median Sold Price
$465,000
$296/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in Mountain Empire has remained the same since last year.
Summary: The median home sold price in Mountain Empire was $465,000 in March 2024, the same as last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232.5K | $340K | +46.2% |
| 2 Bedrooms | $367K | $420K | +14.4% |
| 3 Bedrooms | $467K | $465K | -0.4% |
| 4 Bedrooms | $495K | $510K | +3.0% |
| 5+ Bedrooms | $655K | $550K | -16.0% |
Summary: Mountain Empire housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.2%, 2 bedroom homes increased by 14.4%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 16%.
Median Sold Price Compared To Nearby Cities
| Campo | $475K | $478.5K | +0.7% |
| Mountain Empire | $465K | $465K | 0.0% |
Housing Supply in Mountain Empire, CA
How many homes are available in Mountain Empire, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 26 | -10.3% |
Summary: The Mountain Empire real estate market had 26 homes for sale in March 2024, a 10.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Mountain Empire 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 remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mountain Empire, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Mountain Empire in March 2024, down by 33.3% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 99 Days | +104.4% |
Summary: Homes in Mountain Empire had an average of 99 days on market in Mar 2024, up by 104.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mountain Empire has remained consistent over time.
Summary: During March 2024, 6 homes were sold in Mountain Empire; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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.