Is Mountain Empire, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
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
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $279K | $94K | -66.3% |
| 2 Bedrooms | $365K | $369K | +1.1% |
| 3 Bedrooms | $470K | $466K | -0.9% |
| 4 Bedrooms | $500K | $498.5K | -0.3% |
| 5+ Bedrooms | $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 | $457.5K | $455K | -0.5% |
| Campo | $484.4K | $465K | -4.0% |
Housing Supply in Mountain Empire, CA
How many homes are available in Mountain Empire, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 22 | 28 | +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
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 8 | +100.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 1 | +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 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 4 | 2 | -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
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 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 56 Days | 22 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
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.
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.