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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Temecula is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Temecula has remained a Seller's Market.

Key Takeaway

Temecula is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Temecula, CA cost?

Median Sold Price

$690,052

$333/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$94,416(+15.9%)

Key Takeaway

Homes in Temecula have sold for 15.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $276K$343K
+24.3%
2 $400K$470K
+17.5%
3 $524.3K$615K
+17.3%
4 $625K$729.9K
+16.8%
5+ $735K$823.5K
+12.0%

Median Sold Price Compared To Nearby Cities

Murrieta
+17.6%
Temecula
+15.9%

How many homes are available in Temecula, CA?

Number of Homes For Sale

Aug 2022Sep 2022%
443397-10.4%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 2120
-4.8%
3 170145
-14.7%
4 182163
-10.4%
5+ 7069
-1.4%

Number of Homes Sold

Aug 2022Sep 2022%
12586-31.2%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

30 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Temecula, you may be able to get a good deal. 46.5% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
11 Days26 Days+130.7%

Breakdown of Home Sale Times

57 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Temecula, CA

There are 397 homes are for sale in Temecula, CA real estate market. The inventory of homes for sale in Temecula, CA between August 2022 and September 2022 decreased by 10.4%. In September 2022 median list price was $690,052 and the average listing age was 26 days. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 24.3%, 2 bedrooms properties prices increased by 17.5%, prices of 3 bedrooms properties went up by 17.3%, 4 bedrooms properties became 16.8% more expensive, 5 bedrooms properties became 12% more expensive. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, number of 2 bedrooms homes decreased by 4.8%, 3 bedrooms homes became 14.7% less available, the quantity of 4 bedrooms homes went down by 10.4%, 5 bedrooms homes became 1.4% less available. Temecula, CA housing market in September 2022 saw over 30 listings sold above listed price, more than 16 sold at listed price and over 40 sold below.

Related Housing Market Reports