Is Visalia, 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, Visalia has remained a Seller's Market.
Housing Prices in Visalia, CA
How much do homes in Visalia, CA cost?
Median Sold Price
$405,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Visalia was $405,000 in May 2024, up 6.6% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $193.2K | +24.7% |
2 Bedrooms | $243.5K | $277.5K | +14.0% |
3 Bedrooms | $350K | $368.9K | +5.4% |
4 Bedrooms | $480K | $454K | -5.4% |
5+ Bedrooms | $503.4K | $485.2K | -3.6% |
Summary: Visalia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.7%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 3.6%.
Housing Supply in Visalia, CA
How many homes are available in Visalia, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
84 | 86 | +2.4% |
Summary: The Visalia real estate market had 86 homes for sale in May 2024, a 2.4% 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 | 5 | 5 | 0.0% |
3 Bedrooms | 43 | 45 | +4.7% |
4 Bedrooms | 29 | 28 | -3.4% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Visalia 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 remained the same, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 17 | -26.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Visalia in May 2024, down by 26.1% month-over-month. Of the 17 sold homes, 53% were sold under asking, 35% were sold at asking, and 12% were sold over asking.
Days on Market for Visalia, CA
How long does it take to sell a home in Visalia, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
56 Days | 31 Days | -44.3% |
Summary: Homes in Visalia had an average of 31 days on market in May 2024, down by 44.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Visalia; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.