Is Magalia, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Magalia was a Seller's Market.
Housing Prices in Magalia, CA
How much do homes in Magalia, CA cost?
Median Sold Price
$308,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Magalia was $308,000 in May 2024, down 9.1% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $200K | +60.0% |
2 Bedrooms | $270K | $250K | -7.4% |
3 Bedrooms | $346.6K | $320K | -7.7% |
4 Bedrooms | $650K | $374.5K | -42.4% |
5+ Bedrooms | $455K | $625K | +37.4% |
Summary: Magalia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 42.4%, and 5+ bedroom homes increased by 37.4%.
Median Sold Price Compared To Nearby Cities
Paradise | $427.5K | $429.7K | 0.5% |
Forest Ranch | $379K | $362K | -4.5% |
Magalia | $339K | $308K | -9.1% |
Feather Falls | $337K | $300K | -11.0% |
Housing Supply in Magalia, CA
How many homes are available in Magalia, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 38 | 0.0% |
Summary: The Magalia real estate market had 38 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 10 | +42.9% |
3 Bedrooms | 28 | 25 | -10.7% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Magalia 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 42.9%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Magalia in May 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Magalia, CA
How long does it take to sell a home in Magalia, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
55 Days | 54 Days | -1.9% |
Summary: Homes in Magalia had an average of 54 days on market in May 2024, down by 1.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Magalia; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.