Is Phelan, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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.
Housing Prices in Phelan, CA
How much do homes in Phelan, CA cost?
Median Sold Price
$444,750
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Phelan have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Phelan was $444,750 in November 2023, down 3.8% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $320K | $359.9K | +12.5% |
| 3 Bedrooms | $410K | $405K | -1.2% |
| 4 Bedrooms | $520K | $481K | -7.5% |
| 5+ Bedrooms | $560K | $550K | -1.8% |
Summary: Phelan housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Cities
| Llano | $405K | $457.5K | +13.0% |
| Wrightwood | $444.5K | $440K | -1.0% |
| Pinon Hills | $450K | $440K | -2.2% |
| Mount Baldy-Wrightwood | $450K | $440K | -2.2% |
| Phelan | $462.5K | $444.7K | -3.8% |
Housing Supply in Phelan, CA
How many homes are available in Phelan, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 76 | 83 | +9.2% |
Summary: The Phelan real estate market had 83 homes for sale in November 2023, a 9.2% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 30 | 28 | -6.7% |
| 4 Bedrooms | 30 | 35 | +16.7% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Phelan housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 8 | 16 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Phelan, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Phelan in November 2023, up by 100.0% month-over-month. Of the 16 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 36 Days | 40 Days | +11.2% |
Summary: Homes in Phelan had an average of 40 days on market in Nov 2023, up by 11.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Phelan has remained consistent over time.
Summary: During November 2023, 16 homes were sold in Phelan; 44% of homes were sold within 30 days, 50% 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.