Is Redlands, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Redlands is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Redlands has remained a Seller's Market.

Key Takeaway

Redlands is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Redlands, CA cost?

Median Sold Price

$591,933

$359/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$56,915(+10.6%)

Key Takeaway

Homes in Redlands have sold for 10.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $223.2K$490K
+119.5%
2 $400K$434.5K
+8.6%
3 $490K$560.7K
+14.4%
4 $610K$671.8K
+10.1%
5+ $821K$826K
+0.6%

Median Sold Price Compared To Nearby Cities

Highland
+18.0%
San Bernardino
+15.2%
San Gorgonio Pass
+14.4%
Redlands
+10.6%
Yucaipa
+7.8%

How many homes are available in Redlands, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
154148-3.9%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 01
+100.0%
2 1916
-15.8%
3 6361
-3.2%
4 5455
+1.9%
5+ 1815
-16.7%

Number of Homes Sold

Oct 2022Nov 2022%
4327-37.2%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Redlands, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
22 Days32 Days+42.0%

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Redlands are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Redlands, CA

There are 148 homes are for sale in Redlands, CA real estate market. Between October 2022 and November 2022, Redlands, CA real estate market has seen decrease in the number of listings by 3.9%. In November 2022 median list price was $591,933 and the average listing age was 32 days. This housing market listing prices have changed between October 2022 and November 2022: prices of 1 bedroom properties went up by 119.5%, 2 bedrooms properties became 8.6% more expensive, 3 bedrooms properties prices increased by 14.4%, the cost of 4 bedrooms properties went up by 10.1%, 5 bedrooms properties became 0.6% more expensive. This housing market inventory have changed: 1 bedroom homes became 100% more available, volume of 2 bedrooms homes went down by 15.8%, 3 bedrooms homes inventory decreased by 3.2%, 4 bedrooms homes became 1.9% more available, volume of 5 bedrooms homes went down by 16.7%. Over 11 listings were sold over their listed price in November 2022 in Redlands, CA. In the same period over 12 listings were sold below the listed price and 4 listings were sold for the listed price.

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