Is El Cajon, 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, El Cajon has remained a Seller's Market.
Housing Prices in El Cajon, CA
How much do homes in El Cajon, CA cost?
Median Sold Price
$756,153
$489/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in El Cajon was $756,153 in April 2024, up 11.8% from last year, and the median price per square foot was $489.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | $361.2K | +11.2% |
2 Bedrooms | $452K | $515.6K | +14.1% |
3 Bedrooms | $675K | $750K | +11.1% |
4 Bedrooms | $875K | $935K | +6.9% |
5+ Bedrooms | $1.0M | $1.1M | +12.7% |
Summary: El Cajon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 12.7%.
Housing Supply in El Cajon, CA
How many homes are available in El Cajon, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
297 | 304 | +2.4% |
Summary: The El Cajon real estate market had 304 homes for sale in April 2024, a 2.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 14 | +7.7% |
2 Bedrooms | 71 | 62 | -12.7% |
3 Bedrooms | 114 | 119 | +4.4% |
4 Bedrooms | 71 | 76 | +7.0% |
5+ Bedrooms | 28 | 33 | +17.9% |
Summary: The El Cajon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes decreased by 12.7%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 17.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
94 | 91 | -3.2% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
47 Homes Were Sold
Over Asking
Summary: A total of 91 homes were sold or pending in El Cajon in April 2024, down by 3.2% month-over-month. Of the 91 sold homes, 32% were sold under asking, 16% were sold at asking, and 52% were sold over asking.
Days on Market for El Cajon, CA
How long does it take to sell a home in El Cajon, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 12 Days | -39.1% |
Summary: Homes in El Cajon had an average of 12 days on market in Apr 2024, down by 39.1% compared to last year.
Breakdown of Home Sale Times
83 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 91 homes were sold in El Cajon; 91% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.