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.
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
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
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
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.