Is Tierrasanta, 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, Tierrasanta has remained a Seller's Market.
Key Takeaway
Tierrasanta is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tierrasanta, CA
How much do homes in Tierrasanta, CA cost?
Median Sold Price
$950,000
$574/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Key Takeaway
The sold price of homes in Tierrasanta has remained the same since last year.
Summary: The median home sold price in Tierrasanta was $950,000 in April 2024, the same as last year, and the median price per square foot was $574.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $495K | $528.5K | +6.8% |
| 2 Bedrooms | $685K | $729.5K | +6.5% |
| 3 Bedrooms | $900K | $870K | -3.3% |
| 4 Bedrooms | $1.1M | $1.2M | +2.1% |
| 5+ Bedrooms | $1.2M | $1.3M | +5.9% |
Summary: Tierrasanta housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Grantville | $450K | $517.5K | +15.0% |
| Lake Murray | $849.9K | $940K | +10.6% |
| Eastern San Diego | $867K | $916.4K | +5.7% |
| San Carlos | $955.5K | $1.0M | +5.2% |
| Tierrasanta | $950K | $950K | 0.0% |
Housing Supply in Tierrasanta, CA
How many homes are available in Tierrasanta, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 35 | +6.1% |
Summary: The Tierrasanta real estate market had 35 homes for sale in April 2024, a 6.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Tierrasanta housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tierrasanta, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Tierrasanta in April 2024, up by 7.7% month-over-month. Of the 14 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Tierrasanta, CA
How long does it take to sell a home in Tierrasanta, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 11 Days | 11 Days | -3.6% |
Summary: Homes in Tierrasanta had an average of 11 days on market in Apr 2024, down by 3.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tierrasanta are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Tierrasanta; 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.
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.