Is Palomar-Julian, 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, Palomar-Julian was a Seller's Market.
Key Takeaway
Palomar-Julian is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Palomar-Julian, CA
How much do homes in Palomar-Julian, CA cost?
Median Sold Price
$594,000
$376/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Palomar-Julian have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Palomar-Julian was $594,000 in May 2024, up 8.1% from last year, and the median price per square foot was $376.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $407K | $380K | -6.6% |
| 2 Bedrooms | $472.5K | $569.5K | +20.5% |
| 3 Bedrooms | $645K | $645K | 0.0% |
| 4 Bedrooms | $899K | $816K | -9.2% |
| 5+ Bedrooms | $1.1M | $577.5K | -49.3% |
Summary: Palomar-Julian housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.6%, 2 bedroom homes increased by 20.5%, 3 bedroom homes did not change, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes decreased by 49.3%.
Housing Supply in Palomar-Julian, CA
How many homes are available in Palomar-Julian, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 57 | +18.8% |
Summary: The Palomar-Julian real estate market had 57 homes for sale in May 2024, a 18.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 13 | 16 | +23.1% |
| 3 Bedrooms | 17 | 18 | +5.9% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Palomar-Julian housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palomar-Julian, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Palomar-Julian in May 2024, down by 25.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Palomar-Julian, CA
How long does it take to sell a home in Palomar-Julian, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 36 Days | -8.4% |
Summary: Homes in Palomar-Julian had an average of 36 days on market in May 2024, down by 8.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palomar-Julian are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Palomar-Julian; 50% of homes were sold within 30 days, 50% 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.