Is Point Loma Heights, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Point Loma Heights has remained a Seller's Market.
Housing Prices in Point Loma Heights, CA
How much do homes in Point Loma Heights, CA cost?
Median Sold Price
$835,000
$724/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Point Loma Heights was $835,000 in April 2024, down 1.8% from last year, and the median price per square foot was $724.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $475K | $477.5K | 0.5% |
2 Bedrooms | $689K | $700K | +1.6% |
3 Bedrooms | $1.4M | $1.4M | +5.7% |
4 Bedrooms | $1.7M | $1.4M | -15.1% |
5+ Bedrooms | $840K | $1.7M | +102.4% |
Summary: Point Loma Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes increased by 102.4%.
Median Sold Price Compared To Nearby Neighborhoods
Loma Portal | $1.6M | $1.5M | -1.6% |
Point Loma Heights | $850K | $835K | -1.8% |
Roseville - Fleet Ridge | $1.8M | $1.7M | -6.4% |
Housing Supply in Point Loma Heights, CA
How many homes are available in Point Loma Heights, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 50 | +8.7% |
Summary: The Point Loma Heights real estate market had 50 homes for sale in April 2024, a 8.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 9 | -30.8% |
2 Bedrooms | 13 | 19 | +46.2% |
3 Bedrooms | 9 | 11 | +22.2% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Point Loma Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30.8%, 2 bedroom homes increased by 46.2%, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 19 | +58.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Point Loma Heights in April 2024, up by 58.3% month-over-month. Of the 19 sold homes, 32% were sold under asking, 11% were sold at asking, and 58% were sold over asking.
Days on Market for Point Loma Heights, CA
How long does it take to sell a home in Point Loma Heights, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 24 Days | +100.4% |
Summary: Homes in Point Loma Heights had an average of 24 days on market in Apr 2024, up by 100.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Point Loma Heights; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.