Is Elsinore Valley, 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, Elsinore Valley has remained a Seller's Market.
Housing Prices in Elsinore Valley, CA
How much do homes in Elsinore Valley, CA cost?
Median Sold Price
$620,000
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Elsinore Valley was $620,000 in April 2024, up 3.9% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $351.5K | $377.5K | +7.4% |
2 Bedrooms | $470K | $519K | +10.4% |
3 Bedrooms | $550K | $570K | +3.6% |
4 Bedrooms | $625K | $650K | +4.0% |
5+ Bedrooms | $730K | $775K | +6.2% |
Summary: Elsinore Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Cities
Lake Mathews | $749.5K | $798.8K | +6.6% |
Quail Valley | $619K | $657.5K | +6.2% |
Elsinore Valley | $596.6K | $620K | +3.9% |
Lake Elsinore | $565.8K | $575K | +1.6% |
Canyon Lake | $659.9K | $668K | +1.2% |
Housing Supply in Elsinore Valley, CA
How many homes are available in Elsinore Valley, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
422 | 426 | +0.9% |
Summary: The Elsinore Valley real estate market had 426 homes for sale in April 2024, a 0.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 47 | 50 | +6.4% |
3 Bedrooms | 140 | 141 | +0.7% |
4 Bedrooms | 160 | 157 | -1.9% |
5+ Bedrooms | 69 | 72 | +4.3% |
Summary: The Elsinore Valley 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 increased by 6.4%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
112 | 120 | +7.1% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
60 Homes Were Sold
Over Asking
Summary: A total of 120 homes were sold or pending in Elsinore Valley in April 2024, up by 7.1% month-over-month. Of the 120 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Elsinore Valley, CA
How long does it take to sell a home in Elsinore Valley, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 28 Days | -42.6% |
Summary: Homes in Elsinore Valley had an average of 28 days on market in Apr 2024, down by 42.6% compared to last year.
Breakdown of Home Sale Times
88 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 120 homes were sold in Elsinore Valley; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.