Is Poway, 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, Poway has remained a Seller's Market.
Key Takeaway
Poway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Poway, CA
How much do homes in Poway, CA cost?
Median Sold Price
$1,107,500
$587/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Poway have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Poway was $1,107,500 in November 2023, up 2.6% from last year, and the median price per square foot was $587.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $665K | $660K | -0.8% |
| 3 Bedrooms | $900K | $897.5K | -0.3% |
| 4 Bedrooms | $1.2M | $1.2M | -0.6% |
| 5+ Bedrooms | $1.8M | $1.9M | +4.9% |
Summary: Poway 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 decreased by 0.8%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
| San Diego | $853.9K | $882.8K | +3.4% |
| Ramona | $735.8K | $755.5K | +2.7% |
| Poway | $1.0M | $1.1M | +2.6% |
| Oceanside-Escondido | $840.3K | $854.5K | +1.7% |
Housing Supply in Poway, CA
How many homes are available in Poway, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 83 | 75 | -9.6% |
Summary: The Poway real estate market had 75 homes for sale in November 2023, a 9.6% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 26 | 19 | -26.9% |
| 4 Bedrooms | 27 | 28 | +3.7% |
| 5+ Bedrooms | 24 | 21 | -12.5% |
Summary: The Poway 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 16.7%, 3 bedroom homes decreased by 26.9%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 34 | 24 | -29.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Poway, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Poway in November 2023, down by 29.4% month-over-month. Of the 24 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.
Days on Market for Poway, CA
How long does it take to sell a home in Poway, CA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 26 Days | 15 Days | -42.4% |
Summary: Homes in Poway had an average of 15 days on market in Nov 2023, down by 42.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Poway are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 24 homes were sold in Poway; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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.