Is San Benito County, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing San Benito County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, San Benito County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in San Benito County, CA

How much do homes in San Benito County, CA cost?

Median Sold Price

$750,000

$402/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$25,000(-3.2%)

Key Takeaway

Homes in San Benito County have sold for 3.2% less than they did a year ago.

Summary: The median home sold price in San Benito County was $750,000 in March 2024, down 3.2% from last year, and the median price per square foot was $402.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $561.2K$612.7K
+9.2%
3 $725K$697K
-3.9%
4 $853.4K$825K
-3.3%
5+ $885K$884.5K
-0.1%

Summary: San Benito County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.2%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 0.1%.

Median Sold Price Compared To Nearby Counties

Santa Clara County
+4.4%
Monterey County
+3.9%
Merced County
0.3%
Santa Cruz County
-3.1%
San Benito County
-3.2%

Housing Supply in San Benito County, CA

How many homes are available in San Benito County, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
130133+2.3%

Summary: The San Benito County real estate market had 133 homes for sale in March 2024, a 2.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 12
+100.0%
2 2222
0.0%
3 4543
-4.4%
4 5054
+8.0%
5+ 1212
0.0%

Summary: The San Benito County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3430-11.8%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in San Benito County, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in San Benito County in March 2024, down by 11.8% month-over-month. Of the 27 sold homes, 56% were sold under asking, 19% were sold at asking, and 26% were sold over asking.

Days on Market for San Benito County, CA

How long does it take to sell a home in San Benito County, CA?

Average Sale Time

Mar 2023Mar 2024CHANGE
50 Days57 Days+14.5%

Summary: Homes in San Benito County had an average of 57 days on market in Mar 2024, up by 14.5% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in San Benito County has remained consistent over time.

Summary: During March 2024, 30 homes were sold in San Benito County; 40% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

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

Report Updated 26 Days Ago

Newest Listings in San Benito County, CA

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