Is Sun City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Sun City has remained a Seller's Market.
Key Takeaway
Sun City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sun City, CA
How much do homes in Sun City, CA cost?
Median Sold Price
$384,000
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sun City have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in Sun City was $384,000 in May 2024, down 2.8% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $193.2K | +24.7% |
| 2 Bedrooms | $359.9K | $353.5K | -1.8% |
| 3 Bedrooms | $450K | $446K | -0.9% |
| 4 Bedrooms | $554.9K | $595K | +7.2% |
| 5+ Bedrooms | $616.2K | $617.9K | 0.3% |
Summary: Sun City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.7%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Neighborhoods
| The Oasis | $520K | $535K | +2.9% |
| Menifee Lakes | $555K | $560K | +0.9% |
| Southeast Perris | $565K | $555K | -1.8% |
| Sun City | $395.2K | $384K | -2.8% |
Housing Supply in Sun City, CA
How many homes are available in Sun City, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 172 | 176 | +2.3% |
Summary: The Sun City real estate market had 176 homes for sale in May 2024, a 2.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 96 | 98 | +2.1% |
| 3 Bedrooms | 52 | 54 | +3.8% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Sun City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 52 | +30.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sun City, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in Sun City in May 2024, up by 30.0% month-over-month. Of the 52 sold homes, 38% were sold under asking, 33% were sold at asking, and 29% were sold over asking.
Days on Market for Sun City, CA
How long does it take to sell a home in Sun City, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 36 Days | +11.9% |
Summary: Homes in Sun City had an average of 36 days on market in May 2024, up by 11.9% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sun City are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 52 homes were sold in Sun City; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.