Is Talega, 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, Talega has remained a Seller's Market.
Key Takeaway
Talega is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Talega, CA
How much do homes in Talega, CA cost?
Median Sold Price
$1,699,950
$605/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Talega have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Talega was $1,699,950 in April 2024, up 7.9% from last year, and the median price per square foot was $605.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.0M | $799K | -21.7% |
| 3 Bedrooms | $905K | $1.3M | +43.6% |
| 4 Bedrooms | $1.6M | $1.6M | +1.2% |
| 5+ Bedrooms | $2.1M | $2.1M | -2.3% |
Summary: Talega housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.7%, 3 bedroom homes increased by 43.6%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Talega | $1.5M | $1.6M | +7.9% |
| Forest Ranch | $1.5M | $1.6M | +6.8% |
| Rancho Mission Viejo | $1.1M | $1.1M | +4.5% |
Housing Supply in Talega, CA
How many homes are available in Talega, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 | 47 | 0.0% |
Summary: The Talega real estate market had 47 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 22 | 22 | 0.0% |
Summary: The Talega 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Talega, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Talega in April 2024, up by 14.3% month-over-month. Of the 16 sold homes, 56% were sold under asking, 13% were sold at asking, and 31% were sold over asking.
Days on Market for Talega, CA
How long does it take to sell a home in Talega, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 32 Days | -19.2% |
Summary: Homes in Talega had an average of 32 days on market in Apr 2024, down by 19.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Talega has remained consistent over time.
Summary: During April 2024, 16 homes were sold in Talega; 44% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.