Is Santee, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$735,555
$503/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $346.4K | $345K | -0.4% |
2 Bedrooms | $495K | $505K | +2.0% |
3 Bedrooms | $720K | $731.6K | +1.6% |
4 Bedrooms | $806.5K | $840K | +4.2% |
5+ Bedrooms | $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%.
Housing Supply in Santee, CA
How many homes are available in Santee, CA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
87 | 91 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 23 | 28 | +21.7% |
3 Bedrooms | 37 | 35 | -5.4% |
4 Bedrooms | 22 | 23 | +4.5% |
5+ Bedrooms | 5 | 5 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
25 | 30 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
25 Days | 13 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
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.