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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing San Simeon is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, San Simeon has remained a Seller's Market.

Key Takeaway

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

Housing Prices in San Simeon, CA

How much do homes in San Simeon, CA cost?

Median Sold Price

$510,000

$512/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$27,330(+5.7%)

Key Takeaway

Homes in San Simeon have sold for 5.7% more than they did a month ago.

Summary: The median home sold price in San Simeon was $510,000 in February 2024, up 5.7% from last month, and the median price per square foot was $512.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 $448K-
N/A
2 -$510K
N/A
3 $517.3K-
N/A
4 --
N/A
5+ --
N/A

Summary: San Simeon housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in San Simeon, CA

How many homes are available in San Simeon, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
43-25.0%

Summary: The San Simeon real estate market had 3 homes for sale in February 2024, a 25.0% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 10
-100.0%
2 12
+100.0%
3 21
-50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The San Simeon housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in San Simeon, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in San Simeon in February 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for San Simeon, CA

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

Average Sale Time

Jan 2024Feb 2024CHANGE
123 Days58 Days-52.8%

Summary: Homes in San Simeon had an average of 58 days on market in Feb 2024, down by 52.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 1 homes were sold in San Simeon; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 28 Days Ago

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