Is La Mesa, 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, La Mesa has remained a Seller's Market.
Housing Prices in La Mesa, CA
How much do homes in La Mesa, CA cost?
Median Sold Price
$840,000
$554/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in La Mesa was $840,000 in May 2024, up 9.9% from last year, and the median price per square foot was $554.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $389K | $420K | +8.0% |
2 Bedrooms | $580K | $605K | +4.3% |
3 Bedrooms | $800K | $858K | +7.2% |
4 Bedrooms | $941.2K | $1.0M | +11.6% |
5+ Bedrooms | $1.3M | $1.3M | +6.2% |
Summary: La Mesa housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Cities
El Cajon | $685K | $761.7K | +11.2% |
La Mesa | $764.2K | $840K | +9.9% |
San Diego | $850.1K | $921.7K | +8.4% |
Lemon Grove | $665K | $720K | +8.3% |
Housing Supply in La Mesa, CA
How many homes are available in La Mesa, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
145 | 160 | +10.3% |
Summary: The La Mesa real estate market had 160 homes for sale in May 2024, a 10.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 7 | -36.4% |
2 Bedrooms | 38 | 37 | -2.6% |
3 Bedrooms | 41 | 52 | +26.8% |
4 Bedrooms | 40 | 42 | +5.0% |
5+ Bedrooms | 15 | 22 | +46.7% |
Summary: The La Mesa housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 36.4%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 26.8%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 46.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
48 | 39 | -18.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in La Mesa in May 2024, down by 18.8% month-over-month. Of the 39 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% were sold over asking.
Days on Market for La Mesa, CA
How long does it take to sell a home in La Mesa, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 15 Days | +32.4% |
Summary: Homes in La Mesa had an average of 15 days on market in May 2024, up by 32.4% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 39 homes were sold in La Mesa; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.