Is South Redlands, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, South Redlands has remained a Seller's Market.
Housing Prices in South Redlands, CA
How much do homes in South Redlands, CA cost?
Median Sold Price
$671,666
$376/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Redlands was $671,666 in April 2024, up 0.7% from last year, and the median price per square foot was $376.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $417.5K | $350K | -16.2% |
2 Bedrooms | $482.5K | $499K | +3.4% |
3 Bedrooms | $575K | $635K | +10.4% |
4 Bedrooms | $735K | $745.5K | +1.4% |
5+ Bedrooms | $1.1M | $1.1M | -6.0% |
Summary: South Redlands housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.2%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 6%.
Median Sold Price Compared To Nearby Neighborhoods
West Redlands | $410K | $453K | +10.5% |
North Redlands | $530K | $558.2K | +5.3% |
South Redlands | $667K | $671.6K | +0.7% |
Live Oak Canyon | $797.5K | $775K | -2.8% |
Housing Supply in South Redlands, CA
How many homes are available in South Redlands, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
72 | 78 | +8.3% |
Summary: The South Redlands real estate market had 78 homes for sale in April 2024, a 8.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 28 | 28 | 0.0% |
4 Bedrooms | 23 | 29 | +26.1% |
5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The South Redlands housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 24 | +71.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in South Redlands in April 2024, up by 71.4% month-over-month. Of the 24 sold homes, 33% were sold under asking, 21% were sold at asking, and 46% were sold over asking.
Days on Market for South Redlands, CA
How long does it take to sell a home in South Redlands, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 30 Days | -18.3% |
Summary: Homes in South Redlands had an average of 30 days on market in Apr 2024, down by 18.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in South Redlands; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.