Is Grand Terrace, 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, Grand Terrace has remained a Seller's Market.
Housing Prices in Grand Terrace, CA
How much do homes in Grand Terrace, CA cost?
Median Sold Price
$585,000
$351/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Grand Terrace was $585,000 in April 2024, up 14.8% from last year, and the median price per square foot was $351.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $380K | $382K | 0.5% |
3 Bedrooms | $499.9K | $550K | +10.0% |
4 Bedrooms | $565.2K | $628.5K | +11.2% |
5+ Bedrooms | $693K | $855K | +23.4% |
Summary: Grand Terrace 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 increased by 0.5%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 23.4%.
Median Sold Price Compared To Nearby Cities
Grand Terrace | $509.5K | $585K | +14.8% |
Colton | $465K | $480.6K | +3.4% |
Housing Supply in Grand Terrace, CA
How many homes are available in Grand Terrace, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 34 | +61.9% |
Summary: The Grand Terrace real estate market had 34 homes for sale in April 2024, a 61.9% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 14 | 24 | +71.4% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Grand Terrace 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 100%, 3 bedroom homes increased by 71.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 10 | +900.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Grand Terrace in April 2024, up by 900.0% month-over-month. Of the 10 sold homes, 20% were sold under asking, 30% were sold at asking, and 50% were sold over asking.
Days on Market for Grand Terrace, CA
How long does it take to sell a home in Grand Terrace, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 18 Days | +41.0% |
Summary: Homes in Grand Terrace had an average of 18 days on market in Apr 2024, up by 41% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Grand Terrace; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.