Real Estate Market Report - California Hot Springs, CA (Feb, 2024)

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Current Market Condition

Active Listings

Pending Listings

Median List Price

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The median sale/list price has been fluctuating over the months, with some months showing higher prices such as March, April, June, August, and September, while others such as May, October, and November have lower prices. However, there is a significant drop in median price in October and November, with the lowest median price being $35,000. The highest median price recorded is $330,000 in August.

Median Sale/List Price

List Price

Sale Price

The median sale price per square foot for the analyzed period varies widely, from a low of -1.0 in October and November to a high of 296.019 in September. There are also significant fluctuations throughout the period, with the price per square foot increasing in April, June, August, and September, but decreasing in May and December.

Median Sale Price per Square Foot

The median sale price to list price ratio for the analyzed period ranged from 0.846 to 1.0, with a general trend of decreasing from March to October and then increasing slightly in November and December. The lowest ratio was observed in October, indicating a potential buyer's market, while the highest ratio was seen in March, suggesting a seller's market. Overall, the median ratio was below 1.0 for most of the period, indicating that homes were selling for less than the listed price.

Median Sale Price to List Price Ratio

There were a total of 19 properties sold/listed between March and December 2023, with the highest number of transactions occurring in September (4) and the lowest in October, November, and December (1 each).

Properties Sold/Listed

Properties Listed

Properties Sold

From March to October 2023, the median days on the market for properties was consistently at 0.0 days, indicating a very fast selling market. However, in September the median days on the market increased to 35.0 days before returning back to 0.0 days in October, November, and December.

Median Days on Market

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