Is Cedarpines Park, 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, Cedarpines Park has remained a Seller's Market.
Housing Prices in Cedarpines Park, CA
How much do homes in Cedarpines Park, CA cost?
Median Sold Price
$367,500
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cedarpines Park was $367,500 in May 2024, down 3.5% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $187.5K | $180K | -4.0% |
2 Bedrooms | $325K | $296K | -8.9% |
3 Bedrooms | $425K | $396K | -6.8% |
4 Bedrooms | $445K | $500K | +12.4% |
5+ Bedrooms | $520K | $485.2K | -6.7% |
Summary: Cedarpines Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4%, 2 bedroom homes decreased by 8.9%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 6.7%.
Median Sold Price Compared To Nearby Cities
Lake Arrowhead | $498.3K | $489.4K | -1.8% |
Cedarpines Park | $381K | $367.5K | -3.5% |
Housing Supply in Cedarpines Park, CA
How many homes are available in Cedarpines Park, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 23 | +9.5% |
Summary: The Cedarpines Park real estate market had 23 homes for sale in May 2024, a 9.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 7 | 10 | +42.9% |
3 Bedrooms | 8 | 7 | -12.5% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cedarpines Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 42.9%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 4 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Cedarpines Park in May 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Cedarpines Park, CA
How long does it take to sell a home in Cedarpines Park, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
141 Days | 17 Days | -87.8% |
Summary: Homes in Cedarpines Park had an average of 17 days on market in May 2024, down by 87.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Cedarpines Park; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.