Is Toro Park, 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, Toro Park has remained a Seller's Market.
Housing Prices in Toro Park, CA
How much do homes in Toro Park, CA cost?
Median Sold Price
$1,180,000
$527/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Toro Park was $1,180,000 in April 2024, up 1.5% from last year, and the median price per square foot was $527.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $870K | N/A |
2 Bedrooms | $905K | $1.0M | +16.0% |
3 Bedrooms | $1.0M | $1.1M | +8.9% |
4 Bedrooms | $1.2M | $1.2M | -3.3% |
5+ Bedrooms | $1.3M | $1.4M | +4.6% |
Summary: Toro Park 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 16%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Cities
Seaside-Monterey | $1.0M | $1.0M | +4.6% |
Carmel Valley | $1.6M | $1.6M | +2.2% |
Toro Park | $1.1M | $1.1M | +1.5% |
Housing Supply in Toro Park, CA
How many homes are available in Toro Park, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 35 | +29.6% |
Summary: The Toro Park real estate market had 35 homes for sale in April 2024, a 29.6% 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 | 1 | 0.0% |
3 Bedrooms | 11 | 15 | +36.4% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Toro Park 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 remained the same, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Toro Park in April 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Toro Park, CA
How long does it take to sell a home in Toro Park, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
4 Days | 36 Days | +666.6% |
Summary: Homes in Toro Park had an average of 36 days on market in Apr 2024, up by 666.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Toro Park; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.