Is Phelan, 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, Phelan has remained a Neutral Market.
Housing Prices in Phelan, CA
How much do homes in Phelan, CA cost?
Median Sold Price
$454,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Phelan was $454,000 in April 2024, up 0.9% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $249K | N/A |
2 Bedrooms | $329.9K | $255K | -22.7% |
3 Bedrooms | $400K | $430K | +7.5% |
4 Bedrooms | $499K | $500K | 0.2% |
5+ Bedrooms | $522.5K | $560K | +7.2% |
Summary: Phelan 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 decreased by 22.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Cities
Phelan | $450K | $454K | +0.9% |
Wrightwood | $445K | $440K | -1.1% |
Mount Baldy-Wrightwood | $452.5K | $439K | -3.0% |
Pinon Hills | $445K | $427.4K | -3.9% |
Housing Supply in Phelan, CA
How many homes are available in Phelan, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 57 | -14.9% |
Summary: The Phelan real estate market had 57 homes for sale in April 2024, a 14.9% decrease 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 | 4 | 5 | +25.0% |
3 Bedrooms | 26 | 19 | -26.9% |
4 Bedrooms | 33 | 28 | -15.2% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Phelan 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 25%, 3 bedroom homes decreased by 26.9%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 9 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Phelan in April 2024, down by 40.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Phelan, CA
How long does it take to sell a home in Phelan, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
82 Days | 33 Days | -59.5% |
Summary: Homes in Phelan had an average of 33 days on market in Apr 2024, down by 59.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Phelan; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.