Is Salinas, 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, Salinas has remained a Seller's Market.
Housing Prices in Salinas, CA
How much do homes in Salinas, CA cost?
Median Sold Price
$738,333
$466/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Salinas was $738,333 in April 2024, up 11.8% from last year, and the median price per square foot was $466.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $329.5K | $329.9K | 0.1% |
2 Bedrooms | $500K | $580K | +16.0% |
3 Bedrooms | $659K | $715.5K | +8.6% |
4 Bedrooms | $755.9K | $815K | +7.8% |
5+ Bedrooms | $865K | $929.5K | +7.5% |
Summary: Salinas housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 7.5%.
Housing Supply in Salinas, CA
How many homes are available in Salinas, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
165 | 175 | +6.1% |
Summary: The Salinas real estate market had 175 homes for sale in April 2024, a 6.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 8 | +60.0% |
2 Bedrooms | 22 | 27 | +22.7% |
3 Bedrooms | 77 | 77 | 0.0% |
4 Bedrooms | 41 | 42 | +2.4% |
5+ Bedrooms | 20 | 21 | +5.0% |
Summary: The Salinas housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 22.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 57 | +7.5% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in Salinas in April 2024, up by 7.5% month-over-month. Of the 54 sold homes, 35% were sold under asking, 20% were sold at asking, and 44% were sold over asking.
Days on Market for Salinas, CA
How long does it take to sell a home in Salinas, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 30 Days | +8.7% |
Summary: Homes in Salinas had an average of 30 days on market in Apr 2024, up by 8.7% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 57 homes were sold in Salinas; 63% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.