Is Santee, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Santee is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Santee has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Santee, CA

How much do homes in Santee, CA cost?

Median Sold Price

$735,555

$503/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$13,753(+1.9%)

Key Takeaway

Homes in Santee have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in Santee was $735,555 in February 2024, up 1.9% from last year, and the median price per square foot was $503.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $346.4K$345K
-0.4%
2 $495K$505K
+2.0%
3 $720K$731.6K
+1.6%
4 $806.5K$840K
+4.2%
5+ $1.0M$1.1M
+17.6%

Summary: Santee housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 17.6%.

Median Sold Price Compared To Nearby Cities

El Cajon
+9.0%
San Diego
+4.9%
Santee
+1.9%

Housing Supply in Santee, CA

How many homes are available in Santee, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
8791+4.6%

Summary: The Santee real estate market had 91 homes for sale in February 2024, a 4.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 2328
+21.7%
3 3735
-5.4%
4 2223
+4.5%
5+ 55
0.0%

Summary: The Santee housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.7%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2530+20.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Santee, you could pay more than the asking price. 56.7% of homes here sold above asking price last month.

Summary: A total of 30 homes were sold or pending in Santee in February 2024, up by 20.0% month-over-month. Of the 30 sold homes, 23% were sold under asking, 20% were sold at asking, and 57% 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

Feb 2023Feb 2024CHANGE
25 Days13 Days-46.4%

Summary: Homes in Santee had an average of 13 days on market in Feb 2024, down by 46.4% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Santee are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 30 homes were sold in Santee; 87% of homes were sold within 30 days, 13% 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 27 Days Ago

Newest Listings in Santee, CA

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