$7,422 Closing Credit*
$625,000
1,125 SqFt
3 Beds
•2 Full Baths
JR Rouse, Listing Office: Sotheby's International Realty
Is North Salinas, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, North Salinas has remained a Seller's Market.
Key Takeaway
North Salinas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Salinas, CA
How much do homes in North Salinas, CA cost?
Median Sold Price
$650,000
$494/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$35,000(+5.7%)
Key Takeaway
Homes in North Salinas have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in North Salinas was $650,000 in September 2024, up 5.7% from last year, and the median price per square foot was $494.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $329K | +4.4% |
| 2 Bedrooms | $384K | $529K | +37.8% |
| 3 Bedrooms | $617K | $660K | +7.0% |
| 4 Bedrooms | $693.5K | $702.5K | +1.3% |
| 5+ Bedrooms | $852.5K | $929.5K | +9.0% |
Summary: North Salinas housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 37.8%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Neighborhoods
| Santa Lucia Village | $621K | $660K | +6.3% |
| North Salinas | $615K | $650K | +5.7% |
| Laurel Park | $570K | $590K | +3.5% |
Housing Supply in North Salinas, CA
How many homes are available in North Salinas, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 47 | 39 | -17.0% |
Summary: The North Salinas real estate market had 39 homes for sale in September 2024, a 17.0% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 30 | 21 | -30.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The North Salinas housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Salinas, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in North Salinas in September 2024, down by 5.6% month-over-month. Of the 16 sold homes, 25% were sold under asking, 25% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 28 Days | 20 Days | -29.8% |
Summary: Homes in North Salinas had an average of 20 days on market in Sep 2024, down by 29.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Salinas are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 17 homes were sold in North Salinas; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% 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.