Is Valley Center, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Valley Center was a Seller's Market.
Key Takeaway
Valley Center is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Valley Center, CA
How much do homes in Valley Center, CA cost?
Median Sold Price
$877,747
$368/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Valley Center have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in Valley Center was $877,747 in November 2023, down 4.3% from last year, and the median price per square foot was $368.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $304.9K | $595.7K | +95.3% |
| 2 Bedrooms | $655K | $654.5K | -0.1% |
| 3 Bedrooms | $852K | $820K | -3.8% |
| 4 Bedrooms | $1.0M | $977K | -2.3% |
| 5+ Bedrooms | $1.1M | $1.1M | -6.8% |
Summary: Valley Center housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 95.3%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 6.8%.
Median Sold Price Compared To Nearby Cities
| Escondido | $727K | $791.2K | +8.8% |
| Pauma Valley | $740.2K | $775K | +4.7% |
| Oceanside-Escondido | $840.3K | $854.5K | +1.7% |
| Fallbrook | $850.2K | $850K | 0% |
| Valley Center | $917.5K | $877.7K | -4.3% |
Housing Supply in Valley Center, CA
How many homes are available in Valley Center, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 100 | 94 | -6.0% |
Summary: The Valley Center real estate market had 94 homes for sale in November 2023, a 6.0% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 36 | 36 | 0.0% |
| 4 Bedrooms | 39 | 35 | -10.3% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Valley Center housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 26 | 14 | -46.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Valley Center, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Valley Center in November 2023, down by 46.2% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% were sold over asking.
Days on Market for Valley Center, CA
How long does it take to sell a home in Valley Center, CA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 42 Days | 38 Days | -9.4% |
Summary: Homes in Valley Center had an average of 38 days on market in Nov 2023, down by 9.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Valley Center are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 14 homes were sold in Valley Center; 57% of homes were sold within 30 days, 43% 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.