Is Spring Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Spring Valley was a Seller's Market.
Housing Prices in Spring Valley, CA
How much do homes in Spring Valley, CA cost?
Median Sold Price
$740,000
$493/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spring Valley was $740,000 in April 2024, up 3.5% from last year, and the median price per square foot was $493.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $402.5K | $465K | +15.5% |
2 Bedrooms | $486.5K | $505K | +3.8% |
3 Bedrooms | $706.1K | $725K | +2.7% |
4 Bedrooms | $790K | $822.5K | +4.1% |
5+ Bedrooms | $855K | $1.0M | +21.3% |
Summary: Spring Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.5%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 21.3%.
Median Sold Price Compared To Nearby Neighborhoods
Casa de Oro-Mount Helix | $949.9K | $1.0M | +13.2% |
La Presa | $676.3K | $724K | +7.0% |
Rancho San Diego | $902.5K | $935K | +3.6% |
Spring Valley | $715K | $740K | +3.5% |
Housing Supply in Spring Valley, CA
How many homes are available in Spring Valley, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 31 | -26.2% |
Summary: The Spring Valley real estate market had 31 homes for sale in April 2024, a 26.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 18 | 7 | -61.1% |
4 Bedrooms | 13 | 11 | -15.4% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Spring Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 61.1%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 5 | -79.2% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Spring Valley in April 2024, down by 79.2% month-over-month. Of the 5 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Spring Valley, CA
How long does it take to sell a home in Spring Valley, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 6 Days | -63.1% |
Summary: Homes in Spring Valley had an average of 6 days on market in Apr 2024, down by 63.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Spring Valley; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.