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 March 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

$749,800

$509/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$32,220(+4.5%)

Key Takeaway

Homes in Santee have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Santee was $749,800 in March 2024, up 4.5% from last year, and the median price per square foot was $509.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $346.4K$345K
-0.4%
2 $490K$505.5K
+3.2%
3 $716K$736.2K
+2.8%
4 $810K$844K
+4.2%
5+ $1.0M$1.1M
+10.0%

Summary: Santee housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 10%.

Median Sold Price Compared To Nearby Cities

El Cajon
+11.1%
San Diego
+6.1%
Santee
+4.5%

Housing Supply in Santee, CA

How many homes are available in Santee, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
10098-2.0%

Summary: The Santee real estate market had 98 homes for sale in March 2024, a 2.0% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 2823
-17.9%
3 4142
+2.4%
4 2629
+11.5%
5+ 54
-20.0%

Summary: The Santee 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 17.9%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3544+25.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

28 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. 63.6% of homes here sold above asking price last month.

Summary: A total of 44 homes were sold or pending in Santee in March 2024, up by 25.7% month-over-month. Of the 44 sold homes, 14% were sold under asking, 23% were sold at asking, and 64% 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

Mar 2023Mar 2024CHANGE
18 Days12 Days-30.8%

Summary: Homes in Santee had an average of 12 days on market in Mar 2024, down by 30.8% compared to last year.

Breakdown of Home Sale Times

41 Homes Were Sold
Under 30 Days

3 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 March 2024, 44 homes were sold in Santee; 93% of homes were sold within 30 days, 7% 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 24 Days Ago

Newest Listings in Santee, CA

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