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 November 2022
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
$460,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in San Gorgonio Pass have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in San Gorgonio Pass was $460,000 in November 2023, down 4.4% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $247.5K | $260K | +5.1% |
| 2 Bedrooms | $387K | $375.5K | -3.0% |
| 3 Bedrooms | $460K | $458K | -0.4% |
| 4 Bedrooms | $541.1K | $540K | -0.2% |
| 5+ Bedrooms | $600K | $599.9K | 0% |
Summary: San Gorgonio Pass housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes did not change.
Housing Supply in San Gorgonio Pass, CA
How many homes are available in San Gorgonio Pass, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 421 | 374 | -11.2% |
Summary: The San Gorgonio Pass real estate market had 374 homes for sale in November 2023, a 11.2% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 137 | 132 | -3.6% |
| 3 Bedrooms | 114 | 92 | -19.3% |
| 4 Bedrooms | 119 | 104 | -12.6% |
| 5+ Bedrooms | 50 | 43 | -14.0% |
Summary: The San Gorgonio Pass housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 19.3%, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes decreased by 14%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 105 | 78 | -25.7% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
28 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. 35.9% of homes here sold above asking price last month.
Summary: A total of 78 homes were sold or pending in San Gorgonio Pass in November 2023, down by 25.7% month-over-month. Of the 78 sold homes, 35% were sold under asking, 29% were sold at asking, and 36% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 45 Days | 39 Days | -13.1% |
Summary: Homes in San Gorgonio Pass had an average of 39 days on market in Nov 2023, down by 13.1% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
6 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 November 2023, 78 homes were sold in San Gorgonio Pass; 55% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 8% 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.