Is West Imperial, 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, West Imperial has remained a Seller's Market.
Housing Prices in West Imperial, CA
How much do homes in West Imperial, CA cost?
Median Sold Price
$282,500
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Imperial was $282,500 in April 2024, up 6.1% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $106K | - | N/A |
2 Bedrooms | $200K | $180K | -10.0% |
3 Bedrooms | $249.5K | $285K | +14.2% |
4 Bedrooms | $295K | $300K | +1.7% |
5+ Bedrooms | $320K | - | N/A |
Summary: West Imperial 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 10%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes did not change.
Housing Supply in West Imperial, CA
How many homes are available in West Imperial, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 45 | +15.4% |
Summary: The West Imperial real estate market had 45 homes for sale in April 2024, a 15.4% 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 | 5 | 4 | -20.0% |
3 Bedrooms | 20 | 25 | +25.0% |
4 Bedrooms | 14 | 16 | +14.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The West Imperial 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 decreased by 20%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 11 | +57.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in West Imperial in April 2024, up by 57.1% month-over-month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for West Imperial, CA
How long does it take to sell a home in West Imperial, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 50 Days | +13.9% |
Summary: Homes in West Imperial had an average of 50 days on market in Apr 2024, up by 13.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in West Imperial; 36% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.