Is West Imperial, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Imperial is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, West Imperial was a Seller's Market.

Key Takeaway

West Imperial 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 West Imperial, CA

How much do homes in West Imperial, CA cost?

Median Sold Price

$280,000

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$12,750(+4.8%)

Key Takeaway

Homes in West Imperial have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in West Imperial was $280,000 in March 2024, up 4.8% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $106K-
N/A
2 $200K$170K
-15.0%
3 $249.5K$280K
+12.2%
4 $295K$295K
0.0%
5+ $320K-
N/A

Summary: West Imperial housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 12.2%, 4 bedroom homes did not change, 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

Feb 2024Mar 2024CHANGE
4538-15.6%

Summary: The West Imperial real estate market had 38 homes for sale in March 2024, a 15.6% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 2419
-20.8%
4 1615
-6.3%
5+ 00
0.0%

Summary: The West Imperial housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Imperial, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in West Imperial in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% 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

Mar 2023Mar 2024CHANGE
116 Days33 Days-71.6%

Summary: Homes in West Imperial had an average of 33 days on market in Mar 2024, down by 71.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 6 homes were sold in West Imperial; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

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

Report Updated 21 Days Ago

Newest Listings in West Imperial, CA

Nearby Markets to West Imperial, CA

What housing markets are near West Imperial, CA?