Is Running Springs, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Running Springs has remained a Seller's Market.
Key Takeaway
Running Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Running Springs, CA
How much do homes in Running Springs, CA cost?
Median Sold Price
$357,000
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Running Springs have sold for 7.8% less than they did a year ago.
Summary: The median home sold price in Running Springs was $357,000 in March 2024, down 7.8% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $266K | -3.3% |
| 2 Bedrooms | $347.5K | $328K | -5.6% |
| 3 Bedrooms | $432.5K | $405K | -6.4% |
| 4 Bedrooms | $450K | $567.5K | +26.1% |
| 5+ Bedrooms | $570K | $552K | -3.2% |
Summary: Running Springs housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes decreased by 3.2%.
Housing Supply in Running Springs, CA
How many homes are available in Running Springs, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 84 | 91 | +8.3% |
Summary: The Running Springs real estate market had 91 homes for sale in March 2024, a 8.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 40 | 35 | -12.5% |
| 3 Bedrooms | 24 | 31 | +29.2% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Running Springs housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 29.2%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 18 | +28.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Running Springs, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Running Springs in March 2024, up by 28.6% month-over-month. Of the 18 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Running Springs, CA
How long does it take to sell a home in Running Springs, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 81 Days | 62 Days | -22.6% |
Summary: Homes in Running Springs had an average of 62 days on market in Mar 2024, down by 22.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Running Springs are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in Running Springs; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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.