Is Las Posas, 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, Las Posas was a Seller's Market.
Key Takeaway
Las Posas is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Las Posas, CA
How much do homes in Las Posas, CA cost?
Median Sold Price
$2,129,500
$521/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Las Posas have sold for 27.5% more than they did a year ago.
Summary: The median home sold price in Las Posas was $2,129,500 in May 2024, up 27.5% from last year, and the median price per square foot was $521.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $679K | $1.4M | +106.2% |
| 3 Bedrooms | $1.8M | $2.1M | +16.8% |
| 4 Bedrooms | $1.2M | $1.5M | +15.5% |
| 5+ Bedrooms | $2.5M | $2.4M | -0.1% |
Summary: Las Posas 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 106.2%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes decreased by 0.1%.
Housing Supply in Las Posas, CA
How many homes are available in Las Posas, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Summary: The Las Posas real estate market had 15 homes for sale in May 2024, a 7.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Las Posas 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 increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Las Posas, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Las Posas in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Las Posas, CA
How long does it take to sell a home in Las Posas, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 38 Days | +46.2% |
Summary: Homes in Las Posas had an average of 38 days on market in May 2024, up by 46.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Las Posas has remained consistent over time.
Summary: During May 2024, 1 homes were sold in Las Posas; 0% of homes were sold within 30 days, 100% 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.