Is Chula Vista, 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, Chula Vista has remained a Seller's Market.
Housing Prices in Chula Vista, CA
How much do homes in Chula Vista, CA cost?
Median Sold Price
$785,000
$468/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chula Vista was $785,000 in May 2024, up 6.7% from last year, and the median price per square foot was $468.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $367.5K | $380K | +3.4% |
2 Bedrooms | $560K | $585K | +4.5% |
3 Bedrooms | $690K | $740K | +7.2% |
4 Bedrooms | $836K | $915K | +9.4% |
5+ Bedrooms | $1.0M | $1.1M | +12.4% |
Summary: Chula Vista housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 12.4%.
Median Sold Price Compared To Nearby Cities
Jamul | $950K | $1.1M | +21.1% |
San Diego | $850.1K | $921.7K | +8.4% |
Chula Vista | $735.4K | $785K | +6.7% |
National City | $625K | $656K | +5.0% |
Housing Supply in Chula Vista, CA
How many homes are available in Chula Vista, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
371 | 397 | +7.0% |
Summary: The Chula Vista real estate market had 397 homes for sale in May 2024, a 7.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 9 | +50.0% |
2 Bedrooms | 62 | 58 | -6.5% |
3 Bedrooms | 150 | 167 | +11.3% |
4 Bedrooms | 102 | 105 | +2.9% |
5+ Bedrooms | 51 | 58 | +13.7% |
Summary: The Chula Vista housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 13.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
109 | 107 | -1.8% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
56 Homes Were Sold
Over Asking
Summary: A total of 107 homes were sold or pending in Chula Vista in May 2024, down by 1.8% month-over-month. Of the 107 sold homes, 27% were sold under asking, 21% were sold at asking, and 52% were sold over asking.
Days on Market for Chula Vista, CA
How long does it take to sell a home in Chula Vista, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 15 Days | +4.0% |
Summary: Homes in Chula Vista had an average of 15 days on market in May 2024, up by 4% compared to last year.
Breakdown of Home Sale Times
90 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 107 homes were sold in Chula Vista; 84% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.