Is Racquet Club Estates, 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, Racquet Club Estates has remained a Seller's Market.
Housing Prices in Racquet Club Estates, CA
How much do homes in Racquet Club Estates, CA cost?
Median Sold Price
$595,000
$406/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Racquet Club Estates was $595,000 in April 2024, up 45.1% from last year, and the median price per square foot was $406.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $304.5K | $312.5K | +2.6% |
2 Bedrooms | $410K | $465K | +13.4% |
3 Bedrooms | $762.5K | $769.9K | +1.0% |
4 Bedrooms | $1.2M | $1.4M | +7.8% |
5+ Bedrooms | - | $2.1M | N/A |
Summary: Racquet Club Estates housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Racquet Club Estates | $410K | $595K | +45.1% |
Vista Norte | $875K | $950K | +8.6% |
Sunrise Palms | $337.5K | $335K | -0.7% |
Racquet Club West | $235K | $223.5K | -4.9% |
Housing Supply in Racquet Club Estates, CA
How many homes are available in Racquet Club Estates, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 53 | +23.3% |
Summary: The Racquet Club Estates real estate market had 53 homes for sale in April 2024, a 23.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 10 | -9.1% |
2 Bedrooms | 11 | 17 | +54.5% |
3 Bedrooms | 20 | 25 | +25.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Racquet Club Estates housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 54.5%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 10 | +25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Racquet Club Estates in April 2024, up by 25.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for Racquet Club Estates, CA
How long does it take to sell a home in Racquet Club Estates, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 66 Days | +92.2% |
Summary: Homes in Racquet Club Estates had an average of 66 days on market in Apr 2024, up by 92.2% compared to last year.
Breakdown of Home Sale Times
5 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, 10 homes were sold in Racquet Club Estates; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.