Is Phelan, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Phelan has remained a Seller's Market.
Housing Prices in Phelan, CA
How much do homes in Phelan, CA cost?
Median Sold Price
$454,500
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Phelan was $454,500 in March 2024, up 1% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $249K | N/A |
2 Bedrooms | $329.9K | $255K | -22.7% |
3 Bedrooms | $402.5K | $430K | +6.8% |
4 Bedrooms | $500K | $500K | 0.0% |
5+ Bedrooms | $540K | $560K | +3.7% |
Summary: Phelan housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
Phelan | $450K | $454.5K | +1.0% |
Wrightwood | $455K | $439.5K | -3.4% |
Mount Baldy-Wrightwood | $457.4K | $438K | -4.3% |
Housing Supply in Phelan, CA
How many homes are available in Phelan, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
73 | 66 | -9.6% |
Summary: The Phelan real estate market had 66 homes for sale in March 2024, a 9.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 1 | 4 | +300.0% |
3 Bedrooms | 33 | 23 | -30.3% |
4 Bedrooms | 32 | 33 | +3.1% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Phelan housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 300%, 3 bedroom homes decreased by 30.3%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 15 | -21.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Phelan in March 2024, down by 21.1% month-over-month. Of the 15 sold homes, 40% were sold under asking, 27% were sold at asking, and 33% were sold over asking.
Days on Market for Phelan, CA
How long does it take to sell a home in Phelan, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 49 Days | 0.5% |
Summary: Homes in Phelan had an average of 49 days on market in Mar 2024, up by 0.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Phelan; 67% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.