Is Palomar-Julian, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Palomar-Julian is a buyer's market

Buyer's
Market

Difference Since January 2023

At the same time last year, Palomar-Julian was a Seller's Market.

Key Takeaway

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

Housing Prices in Palomar-Julian, CA

How much do homes in Palomar-Julian, CA cost?

Median Sold Price

$579,500

$358/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$40,500(+7.5%)

Key Takeaway

Homes in Palomar-Julian have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Palomar-Julian was $579,500 in January 2024, up 7.5% from last year, and the median price per square foot was $358.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $415K$371.7K
-10.4%
2 $466.5K$470K
+0.8%
3 $660K$645K
-2.3%
4 $855.7K$793.5K
-7.3%
5+ $2.3M$745K
-67.6%

Summary: Palomar-Julian housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.4%, 2 bedroom homes increased by 0.8%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 67.6%.

Median Sold Price Compared To Nearby Cities

Palomar-Julian
+7.5%
Ramona
+4.5%
Julian
+3.7%

Housing Supply in Palomar-Julian, CA

How many homes are available in Palomar-Julian, CA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
32320.0%

Summary: The Palomar-Julian real estate market had 32 homes for sale in January 2024, the same as December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 23
+50.0%
2 109
-10.0%
3 1010
0.0%
4 77
0.0%
5+ 33
0.0%

Summary: The Palomar-Julian housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 10%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Palomar-Julian, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Palomar-Julian in January 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Palomar-Julian, CA

How long does it take to sell a home in Palomar-Julian, CA?

Average Sale Time

Jan 2023Jan 2024CHANGE
77 Days81 Days+4.0%

Summary: Homes in Palomar-Julian had an average of 81 days on market in Jan 2024, up by 4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Palomar-Julian has remained consistent over time.

Summary: During January 2024, 1 homes were sold in Palomar-Julian; 0% of homes were sold within 30 days, 100% 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 20 Days Ago

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