Is Redlands, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Redlands has remained a Seller's Market.
Housing Prices in Redlands, CA
How much do homes in Redlands, CA cost?
Median Sold Price
$629,000
$369/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Redlands was $629,000 in June 2024, up 8.4% from last year, and the median price per square foot was $369.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | $300K | -7.7% |
2 Bedrooms | $427.5K | $457.4K | +7.0% |
3 Bedrooms | $539.4K | $601K | +11.4% |
4 Bedrooms | $675K | $708.5K | +5.0% |
5+ Bedrooms | $854K | $915K | +7.1% |
Summary: Redlands housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
Redlands | $580.5K | $629K | +8.4% |
Yucaipa | $528.5K | $554.3K | +4.9% |
San Bernardino | $453K | $475K | +4.8% |
San Gorgonio Pass | $462K | $480K | +3.9% |
Highland | $525K | $525K | 0.0% |
Housing Supply in Redlands, CA
How many homes are available in Redlands, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
212 | 212 | 0.0% |
Summary: The Redlands real estate market had 212 homes for sale in June 2024, the same as May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 26 | 28 | +7.7% |
3 Bedrooms | 82 | 72 | -12.2% |
4 Bedrooms | 73 | 78 | +6.8% |
5+ Bedrooms | 29 | 31 | +6.9% |
Summary: The Redlands housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 6.9%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
55 | 58 | +5.5% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 58 homes were sold or pending in Redlands in June 2024, up by 5.5% month-over-month. Of the 58 sold homes, 29% were sold under asking, 26% were sold at asking, and 45% were sold over asking.
Days on Market for Redlands, CA
How long does it take to sell a home in Redlands, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
38 Days | 26 Days | -31.3% |
Summary: Homes in Redlands had an average of 26 days on market in Jun 2024, down by 31.3% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During June 2024, 58 homes were sold in Redlands; 72% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.