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.
Key Takeaway
Cedarpines Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Cedarpines Park have sold for 3.5% less than they did a year ago.
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
Key Takeaway
If you're buying a home in Cedarpines Park, you may be able to get a good deal. 75% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Cedarpines Park are selling fast, if you're buying plan to act quickly.
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.
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.