Is North Salinas, 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, North Salinas has remained a Seller's Market.
Housing Prices in North Salinas, CA
How much do homes in North Salinas, CA cost?
Median Sold Price
$639,500
$463/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Salinas was $639,500 in April 2024, up 2.6% from last year, and the median price per square foot was $463.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $299K | $329.9K | +10.3% |
2 Bedrooms | $403K | $512.5K | +27.2% |
3 Bedrooms | $630K | $635.5K | +0.9% |
4 Bedrooms | $686.5K | $677.5K | -1.3% |
5+ Bedrooms | $764.5K | $865K | +13.1% |
Summary: North Salinas housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 27.2%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Neighborhoods
Harden Ranch | $738.5K | $779K | +5.5% |
Santa Lucia Village | $621K | $640K | +3.1% |
North Salinas | $623.5K | $639.5K | +2.6% |
Laurel Park | $581K | $576K | -0.9% |
Housing Supply in North Salinas, CA
How many homes are available in North Salinas, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 36 | +2.9% |
Summary: The North Salinas real estate market had 36 homes for sale in April 2024, a 2.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 21 | 18 | -14.3% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The North Salinas housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 14 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in North Salinas in April 2024, the same as the previous month. Of the 14 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% were sold over asking.
Days on Market for North Salinas, CA
How long does it take to sell a home in North Salinas, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 39 Days | +64.9% |
Summary: Homes in North Salinas had an average of 39 days on market in Apr 2024, up by 64.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in North Salinas; 57% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.