Is San Miguel, 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, San Miguel has remained a Neutral Market.
Key Takeaway
San Miguel is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in San Miguel, CA
How much do homes in San Miguel, CA cost?
Median Sold Price
$567,500
$421/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in San Miguel have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in San Miguel was $567,500 in March 2024, down 1.3% from last year, and the median price per square foot was $421.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $327K | - | N/A |
| 2 Bedrooms | $450K | $555.5K | +23.4% |
| 3 Bedrooms | $547K | $528.5K | -3.4% |
| 4 Bedrooms | $827.5K | $631K | -23.7% |
| 5+ Bedrooms | $1.1M | $1.4M | +21.7% |
Summary: San Miguel 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 23.4%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 23.7%, and 5+ bedroom homes increased by 21.7%.
Median Sold Price Compared To Nearby Cities
| El Paso de Robles (Paso Robles) | $676.3K | $695K | +2.8% |
| Paso Robles | $679.2K | $686.6K | +1.1% |
| San Miguel | $575K | $567.5K | -1.3% |
| Bradley | $645K | $560K | -13.2% |
Housing Supply in San Miguel, CA
How many homes are available in San Miguel, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Summary: The San Miguel real estate market had 19 homes for sale in March 2024, a 11.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The San Miguel housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Miguel, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in San Miguel in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for San Miguel, CA
How long does it take to sell a home in San Miguel, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 25 Days | -34.2% |
Summary: Homes in San Miguel had an average of 25 days on market in Mar 2024, down by 34.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Miguel are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in San Miguel; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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.