$10,000 Closing Credit*
$968,000
4,358 SqFt
6 Beds
•5 Full Baths, 1 Partial
Nikole Adams, Listing Office: Compass
Is San Gorgonio Pass, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, San Gorgonio Pass has remained a Seller's Market.
Key Takeaway
San Gorgonio Pass is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Gorgonio Pass, CA
How much do homes in San Gorgonio Pass, CA cost?
Median Sold Price
$492,439
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$32,174(+7.0%)
Key Takeaway
Homes in San Gorgonio Pass have sold for 7% more than they did a year ago.
Summary: The median home sold price in San Gorgonio Pass was $492,439 in August 2024, up 7% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $230.5K | -5.9% |
| 2 Bedrooms | $375K | $390K | +4.0% |
| 3 Bedrooms | $455K | $470K | +3.3% |
| 4 Bedrooms | $540K | $551.6K | +2.2% |
| 5+ Bedrooms | $590K | $620K | +5.1% |
Summary: San Gorgonio Pass housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.9%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 5.1%.
Housing Supply in San Gorgonio Pass, CA
How many homes are available in San Gorgonio Pass, CA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 544 | 543 | -0.2% |
Summary: The San Gorgonio Pass real estate market had 543 homes for sale in August 2024, a 0.2% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 152 | 167 | +9.9% |
| 3 Bedrooms | 167 | 168 | +0.6% |
| 4 Bedrooms | 173 | 153 | -11.6% |
| 5+ Bedrooms | 49 | 53 | +8.2% |
Summary: The San Gorgonio Pass housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes increased by 8.2%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 110 | 122 | +10.9% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
47 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Gorgonio Pass, you could pay more than the asking price. 38.5% of homes here sold above asking price last month.
Summary: A total of 122 homes were sold or pending in San Gorgonio Pass in August 2024, up by 10.9% month-over-month. Of the 122 sold homes, 33% were sold under asking, 29% were sold at asking, and 39% were sold over asking.
Days on Market for San Gorgonio Pass, CA
How long does it take to sell a home in San Gorgonio Pass, CA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 46 Days | 37 Days | -19.2% |
Summary: Homes in San Gorgonio Pass had an average of 37 days on market in Aug 2024, down by 19.2% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Gorgonio Pass are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 122 homes were sold in San Gorgonio Pass; 55% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 6% 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.