Is Phelan, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Phelan is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, Phelan has remained a Seller's Market.

Key Takeaway

Phelan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Phelan, CA cost?

Median Sold Price

$450,000

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$75,000(+20.0%)

Key Takeaway

Homes in Phelan have sold for 20% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $186.5K$65K
-65.1%
2 $259K$304.9K
+17.7%
3 $340K$406K
+19.4%
4 $390K$495K
+26.9%
5+ $499K$550K
+10.2%

Median Sold Price Compared To Nearby Cities

Wrightwood
+21.1%
Mount Baldy-Wrightwood
+20.7%
Phelan
+20.0%
Pinon Hills
+15.9%

How many homes are available in Phelan, CA?

Number of Homes For Sale

Apr 2022May 2022%
9383-10.8%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 47
+75.0%
3 3331
-6.1%
4 4437
-15.9%
5+ 128
-33.3%

Number of Homes Sold

Apr 2022May 2022%
2318-21.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Phelan, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
20 Days13 Days-33.5%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Phelan are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Phelan, CA

Homes for sale in Phelan, CA have reached 83. In May 2022 in Phelan, CA there were 10.8% less homes for sale than in April 2022. In May 2022 median list price was $450,000 and the average listing age was 13 days. This housing market listing prices have changed between April 2022 and May 2022: prices of 1 bedroom properties went down by 65.1%, prices of 2 bedrooms properties increased by 17.7%, prices of 3 bedrooms properties went up by 19.4%, prices of 4 bedrooms properties increased by 26.9%, prices of 5 bedrooms properties increased by 10.2%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes became 75% more available, 3 bedrooms homes became 6.1% less available, number of 4 bedrooms homes decreased by 15.9%, the quantity of 5 bedrooms homes went down by 33.3%. Phelan, CA housing market in May 2022 saw over 10 listings sold above listed price, more than 3 sold at listed price and over 5 sold below.

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