Is Loma Linda, 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, Loma Linda has remained a Seller's Market.
Key Takeaway
Loma Linda is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Loma Linda, CA
How much do homes in Loma Linda, CA cost?
Median Sold Price
$583,500
$360/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Loma Linda have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Loma Linda was $583,500 in April 2024, up 0.8% from last year, and the median price per square foot was $360.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $269K | $255K | -5.2% |
| 2 Bedrooms | $440K | $473K | +7.5% |
| 3 Bedrooms | $570K | $565K | -0.9% |
| 4 Bedrooms | $665K | $680K | +2.3% |
| 5+ Bedrooms | $725K | $720K | -0.7% |
Summary: Loma Linda housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 7.5%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Cities
| Redlands | $585.6K | $615.1K | +5.0% |
| Colton | $465K | $480.6K | +3.4% |
| San Bernardino | $455K | $470K | +3.3% |
| Loma Linda | $579K | $583.5K | +0.8% |
Housing Supply in Loma Linda, CA
How many homes are available in Loma Linda, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 35 | +12.9% |
Summary: The Loma Linda real estate market had 35 homes for sale in April 2024, a 12.9% 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 | 8 | 6 | -25.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Loma Linda 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 decreased by 25%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 11 | +120.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Loma Linda, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Loma Linda in April 2024, up by 120.0% month-over-month. Of the 11 sold homes, 18% were sold under asking, 27% were sold at asking, and 55% were sold over asking.
Days on Market for Loma Linda, CA
How long does it take to sell a home in Loma Linda, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 14 Days | -63.8% |
Summary: Homes in Loma Linda had an average of 14 days on market in Apr 2024, down by 63.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Loma Linda are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Loma Linda; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% 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.