Is Santa Margarita, 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, Santa Margarita has remained a Neutral Market.
Housing Prices in Santa Margarita, CA
How much do homes in Santa Margarita, CA cost?
Median Sold Price
$732,000
$425/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Santa Margarita was $732,000 in May 2024, down 2.5% from last year, and the median price per square foot was $425.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $500K | $280K | -44.0% |
2 Bedrooms | $776K | $390K | -49.7% |
3 Bedrooms | $690K | $745K | +8.0% |
4 Bedrooms | $1.1M | $1.0M | -8.3% |
5+ Bedrooms | $1.4M | $1.0M | -28.8% |
Summary: Santa Margarita housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44%, 2 bedroom homes decreased by 49.7%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 28.8%.
Median Sold Price Compared To Nearby Cities
Shandon | $462K | $485K | +5.0% |
Santa Margarita | $750.5K | $732K | -2.5% |
Housing Supply in Santa Margarita, CA
How many homes are available in Santa Margarita, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Summary: The Santa Margarita real estate market had 12 homes for sale in May 2024, a 9.1% 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 | 4 | 4 | 0.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Santa Margarita 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Santa Margarita in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Santa Margarita, CA
How long does it take to sell a home in Santa Margarita, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 162 Days | +511.3% |
Summary: Homes in Santa Margarita had an average of 162 days on market in May 2024, up by 511.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Santa Margarita; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.