Is Phelan, 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, Phelan has remained a Seller's Market.
Housing Prices in Phelan, CA
How much do homes in Phelan, CA cost?
Median Sold Price
$460,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Phelan was $460,000 in May 2024, up 2.7% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $249K | N/A |
2 Bedrooms | $342.5K | $260K | -24.1% |
3 Bedrooms | $400K | $431K | +7.8% |
4 Bedrooms | $499K | $500K | 0.2% |
5+ Bedrooms | $547K | $560K | +2.4% |
Summary: Phelan 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 decreased by 24.1%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
Phelan | $448K | $460K | +2.7% |
Llano | $427K | $422.5K | -1.1% |
Wrightwood | $450K | $439.5K | -2.3% |
Mount Baldy-Wrightwood | $462K | $437K | -5.4% |
Pinon Hills | $450K | $423.5K | -5.9% |
Housing Supply in Phelan, CA
How many homes are available in Phelan, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
63 | 80 | +27.0% |
Summary: The Phelan real estate market had 80 homes for sale in May 2024, a 27.0% 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 | 5 | 9 | +80.0% |
3 Bedrooms | 23 | 29 | +26.1% |
4 Bedrooms | 30 | 35 | +16.7% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Phelan 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 80%, 3 bedroom homes increased by 26.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 16 | +77.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Phelan in May 2024, up by 77.8% month-over-month. Of the 16 sold homes, 19% were sold under asking, 38% were sold at asking, and 44% were sold over asking.
Days on Market for Phelan, CA
How long does it take to sell a home in Phelan, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
77 Days | 52 Days | -32.3% |
Summary: Homes in Phelan had an average of 52 days on market in May 2024, down by 32.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Phelan; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.