Is Lake Mathews, 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, Lake Mathews has remained a Seller's Market.
Key Takeaway
Lake Mathews is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Mathews, CA
How much do homes in Lake Mathews, CA cost?
Median Sold Price
$800,000
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lake Mathews have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Lake Mathews was $800,000 in May 2024, up 5.7% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $322.5K | - | N/A |
| 2 Bedrooms | $680K | $721K | +6.0% |
| 3 Bedrooms | $700K | $730K | +4.3% |
| 4 Bedrooms | $765K | $818.5K | +7.0% |
| 5+ Bedrooms | $960K | $1.0M | +7.8% |
Summary: Lake Mathews 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 bedroom homes increased by 4.3%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Cities
| Riverside | $594.7K | $643.8K | +8.2% |
| Corona | $695K | $739K | +6.3% |
| Lake Mathews | $756.7K | $800K | +5.7% |
| Elsinore Valley | $592.5K | $626.3K | +5.7% |
| Lake Elsinore | $562.5K | $575K | +2.2% |
Housing Supply in Lake Mathews, CA
How many homes are available in Lake Mathews, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 129 | 123 | -4.7% |
Summary: The Lake Mathews real estate market had 123 homes for sale in May 2024, a 4.7% decrease 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 | 10 | 12 | +20.0% |
| 3 Bedrooms | 37 | 36 | -2.7% |
| 4 Bedrooms | 55 | 55 | 0.0% |
| 5+ Bedrooms | 27 | 20 | -25.9% |
Summary: The Lake Mathews 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 20%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 23 | -20.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Mathews, you may be able to get a good deal. 34.8% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Lake Mathews in May 2024, down by 20.7% month-over-month. Of the 23 sold homes, 35% were sold under asking, 35% were sold at asking, and 30% were sold over asking.
Days on Market for Lake Mathews, CA
How long does it take to sell a home in Lake Mathews, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 67 Days | 37 Days | -43.5% |
Summary: Homes in Lake Mathews had an average of 37 days on market in May 2024, down by 43.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Mathews are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in Lake Mathews; 74% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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.