Is Southridge Villages, 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, Southridge Villages has remained a Seller's Market.
Key Takeaway
Southridge Villages is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southridge Villages, CA
How much do homes in Southridge Villages, CA cost?
Median Sold Price
$575,000
$387/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Southridge Villages have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Southridge Villages was $575,000 in May 2024, up 4.5% from last year, and the median price per square foot was $387.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $475K | $505K | +6.3% |
| 3 Bedrooms | $545K | $570K | +4.6% |
| 4 Bedrooms | $577.5K | $610K | +5.6% |
| 5+ Bedrooms | $617.5K | $652.5K | +5.7% |
Summary: Southridge Villages housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Glen Avon | $558.5K | $595K | +6.5% |
| Jurupa Valley | $612.6K | $650K | +6.1% |
| Southridge Villages | $550K | $575K | +4.5% |
Housing Supply in Southridge Villages, CA
How many homes are available in Southridge Villages, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 41 | +2.5% |
Summary: The Southridge Villages real estate market had 41 homes for sale in May 2024, a 2.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 25 | 22 | -12.0% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Southridge Villages housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southridge Villages, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Southridge Villages in May 2024, up by 8.3% month-over-month. Of the 13 sold homes, 31% were sold under asking, 8% were sold at asking, and 62% were sold over asking.
Days on Market for Southridge Villages, CA
How long does it take to sell a home in Southridge Villages, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 17 Days | -24.7% |
Summary: Homes in Southridge Villages had an average of 17 days on market in May 2024, down by 24.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southridge Villages are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Southridge Villages; 77% of homes were sold within 30 days, 23% 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.