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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sugarloaf is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Sugarloaf was a Seller's Market.

Key Takeaway

Sugarloaf is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Sugarloaf, CA

How much do homes in Sugarloaf, CA cost?

Median Sold Price

$315,000

$343/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$35,000(-10.0%)

Key Takeaway

Homes in Sugarloaf have sold for 10% less than they did a year ago.

Summary: The median home sold price in Sugarloaf was $315,000 in May 2024, down 10% from last year, and the median price per square foot was $343.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $272.5K$235K
-13.8%
2 $340K$310K
-8.8%
3 $420K$385K
-8.3%
4 $543.7K$434K
-20.2%
5+ --
N/A

Summary: Sugarloaf housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.8%, 2 bedroom homes decreased by 8.8%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 20.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Big Bear
-0.1%
Sugarloaf
-10.0%

Housing Supply in Sugarloaf, CA

How many homes are available in Sugarloaf, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3741+10.8%

Summary: The Sugarloaf real estate market had 41 homes for sale in May 2024, a 10.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 44
0.0%
2 1920
+5.3%
3 1315
+15.4%
4 12
+100.0%
5+ 00
0.0%

Summary: The Sugarloaf housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sugarloaf, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Sugarloaf in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Sugarloaf, CA

How long does it take to sell a home in Sugarloaf, CA?

Average Sale Time

May 2023May 2024CHANGE
32 Days38 Days+15.9%

Summary: Homes in Sugarloaf had an average of 38 days on market in May 2024, up by 15.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 5 homes were sold in Sugarloaf; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 16 Days Ago

Newest Listings in Sugarloaf, CA

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