Is San Luis Rey, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, San Luis Rey has remained a Seller's Market.
Key Takeaway
San Luis Rey is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Luis Rey, CA
How much do homes in San Luis Rey, CA cost?
Median Sold Price
$635,000
$479/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in San Luis Rey have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in San Luis Rey was $635,000 in April 2024, up 3.1% from last year, and the median price per square foot was $479.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $435K | N/A |
| 2 Bedrooms | $520K | $548K | +5.4% |
| 3 Bedrooms | $692.5K | $718.7K | +3.8% |
| 4 Bedrooms | $840K | $885K | +5.4% |
| 5+ Bedrooms | $851.5K | $995K | +16.9% |
Summary: San Luis Rey housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 16.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Ivey Ranch / Rancho Del Oro | $825K | $865K | +4.8% |
| San Luis Rey | $616K | $635K | +3.1% |
Housing Supply in San Luis Rey, CA
How many homes are available in San Luis Rey, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 46 | +15.0% |
Summary: The San Luis Rey real estate market had 46 homes for sale in April 2024, a 15.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 28 | +27.3% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The San Luis Rey housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Luis Rey, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in San Luis Rey in April 2024, down by 11.8% month-over-month. Of the 15 sold homes, 33% were sold under asking, 40% were sold at asking, and 27% were sold over asking.
Days on Market for San Luis Rey, CA
How long does it take to sell a home in San Luis Rey, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 29 Days | -20.9% |
Summary: Homes in San Luis Rey had an average of 29 days on market in Apr 2024, down by 20.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Luis Rey are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in San Luis Rey; 73% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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.