Is Santee, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Santee has remained a Seller's Market.
Housing Prices in Santee, CA
How much do homes in Santee, CA cost?
Median Sold Price
$766,000
$519/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Santee was $766,000 in June 2024, up 7.5% from last year, and the median price per square foot was $519.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $338.4K | $345K | +1.9% |
2 Bedrooms | $482.3K | $519.5K | +7.7% |
3 Bedrooms | $696.6K | $760K | +9.1% |
4 Bedrooms | $803.5K | $870K | +8.3% |
5+ Bedrooms | $995.9K | $1.1M | +16.5% |
Summary: Santee housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 16.5%.
Housing Supply in Santee, CA
How many homes are available in Santee, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
149 | 130 | -12.8% |
Summary: The Santee real estate market had 130 homes for sale in June 2024, a 12.8% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 24 | 25 | +4.2% |
3 Bedrooms | 80 | 70 | -12.5% |
4 Bedrooms | 41 | 33 | -19.5% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Santee housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 19.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
59 | 41 | -30.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Santee in June 2024, down by 30.5% month-over-month. Of the 41 sold homes, 29% were sold under asking, 10% were sold at asking, and 61% were sold over asking.
Days on Market for Santee, CA
How long does it take to sell a home in Santee, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
19 Days | 9 Days | -48.6% |
Summary: Homes in Santee had an average of 9 days on market in Jun 2024, down by 48.6% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 41 homes were sold in Santee; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.