Is Fallbrook, 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, Fallbrook has remained a Seller's Market.
Housing Prices in Fallbrook, CA
How much do homes in Fallbrook, CA cost?
Median Sold Price
$871,777
$408/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fallbrook was $871,777 in April 2024, up 2.6% from last year, and the median price per square foot was $408.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $375K | $404K | +7.7% |
2 Bedrooms | $567K | $623K | +9.9% |
3 Bedrooms | $775K | $799.3K | +3.1% |
4 Bedrooms | $939.3K | $982.5K | +4.6% |
5+ Bedrooms | $1.3M | $1.3M | -4.0% |
Summary: Fallbrook housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
Fallbrook | $849.6K | $871.7K | +2.6% |
Pauma Valley | $765K | $775K | +1.3% |
Valley Center | $888.6K | $886.7K | -0.2% |
Housing Supply in Fallbrook, CA
How many homes are available in Fallbrook, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
208 | 223 | +7.2% |
Summary: The Fallbrook real estate market had 223 homes for sale in April 2024, a 7.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 18 | 17 | -5.6% |
3 Bedrooms | 95 | 107 | +12.6% |
4 Bedrooms | 64 | 71 | +10.9% |
5+ Bedrooms | 29 | 28 | -3.4% |
Summary: The Fallbrook housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes decreased by 3.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 59 | +13.5% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 59 homes were sold or pending in Fallbrook in April 2024, up by 13.5% month-over-month. Of the 59 sold homes, 36% were sold under asking, 15% were sold at asking, and 49% were sold over asking.
Days on Market for Fallbrook, CA
How long does it take to sell a home in Fallbrook, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 24 Days | -30.0% |
Summary: Homes in Fallbrook had an average of 24 days on market in Apr 2024, down by 30% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 59 homes were sold in Fallbrook; 76% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.