Is Verdemont, 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, Verdemont has remained a Seller's Market.
Housing Prices in Verdemont, CA
How much do homes in Verdemont, CA cost?
Median Sold Price
$560,000
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Verdemont was $560,000 in April 2024, down 4.7% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | - | N/A |
2 Bedrooms | $469K | $372.5K | -20.6% |
3 Bedrooms | $530K | $550K | +3.8% |
4 Bedrooms | $647.5K | $625K | -3.5% |
5+ Bedrooms | $741.4K | $710K | -4.2% |
Summary: Verdemont 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 20.6%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Neighborhoods
Kendall Hills | $495K | $550K | +11.1% |
Verdemont | $587.5K | $560K | -4.7% |
University | $380K | $355K | -6.6% |
Housing Supply in Verdemont, CA
How many homes are available in Verdemont, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 20 | +5.3% |
Summary: The Verdemont real estate market had 20 homes for sale in April 2024, a 5.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 12 | 8 | -33.3% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Verdemont 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 decreased by 33.3%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Verdemont in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Verdemont, CA
How long does it take to sell a home in Verdemont, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 20 Days | -56.2% |
Summary: Homes in Verdemont had an average of 20 days on market in Apr 2024, down by 56.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Verdemont; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.