Scott Chambless, Listing Office: RC Realty Of San Diego Inc
Lake Elsinore Housing Market Report December 2024•Riverside County, California
Housing Prices in Lake Elsinore, CA
How much do homes in Lake Elsinore, CA cost?
Housing Market Conditions
Is Lake Elsinore, CA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lake Elsinore is a Seller's Market
Difference Since December 2023
Since last year, Lake Elsinore has remained a Seller's Market.
Lake Elsinore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Lake Elsinore have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Lake Elsinore was $593,500 in December 2024, up 4.9% from last year, and the median price per square foot was $298.
Median Sold Price By City
City | Dec 2023 | Dec 2024 | Change YoY |
---|---|---|---|
Elsinore Valley | $599.7K | $637.3K | +6.3% |
Lake Elsinore | $565.6K | $593.5K | +4.9% |
Wildomar | $620K | $641K | +3.4% |
Canyon Lake | $661.7K | $672.5K | +1.6% |
Quail Valley | $650K | $660K | +1.5% |
Median Sold Price By Bedrooms
Beds | Dec 2023 | Dec 2024 | Change YoY |
---|---|---|---|
11 Bedroom | $360K | $300K | -16.7% |
22 Bedrooms | $369.9K | $414K | +11.9% |
33 Bedrooms | $528K | $550K | +4.2% |
44 Bedrooms | $585K | $615K | +5.1% |
55+ Bedrooms | $650K | $681K | +4.8% |
Summary: Lake Elsinore housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -16.7%. The home price for 2 bedroom homes increased by +11.9%. The home price for 3 bedroom homes increased by +4.2%. The home price for 4 bedroom homes increased by +5.1%. The home price for 5 bedroom homes increased by +4.8%.
Housing supply in Lake Elsinore, CA
How many homes are available in Lake Elsinore, CA?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
272Last MonthDec 2024 | ||
3002 months agoNov 2024 | -9.3 % Change MoMNov – Dec |
Summary: The Lake Elsinore real estate market had 272 homes for sale in Dec 2024, a 9.3 % decrease compared to Nov 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
61Last MonthDec 2024 | ||
642 months agoNov 2024 | -4.7 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
Beds | Nov 2024 | Dec 2024 | Change MoM |
---|---|---|---|
11 Bedroom | 1 | 1 | 0.0% |
22 Bedrooms | 29 | 24 | -17.2% |
33 Bedrooms | 110 | 105 | -4.5% |
44 Bedrooms | 115 | 107 | -7.0% |
55+ Bedrooms | 45 | 35 | -22.2% |
Summary: Lake Elsinore housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -17.2%. The inventory for 3 bedroom homes decreased by -4.5%. The inventory for 4 bedroom homes decreased by -7.0%. The inventory for 5 bedroom homes decreased by -22.2%.
Asking Price vs. Sold Price
How much do homes in Lake Elsinore, CA cost?
Over Asking Price25 Homes
At Asking Price16 Homes
Under Asking Price20 Homes
If you're buying a home in Lake Elsinore, you could pay more than the asking price. 41% of homes here sold above asking price last month.
Summary: A total of 61 homes were sold or pending in Lake Elsinore in December 2024, down by 4.7% month-over-month. Of the 61 sold homes, 33% were sold under asking, 26% were sold at asking, and and 41% were sold over asking.
Days on Market for Lake Elsinore, CA
How long does it take to sell a home in Lake Elsinore, CA?
Breakdown of Home Sale Times
Under 30 Days30 Homes
30 – 90 Days23 Homes
Over 90 Days8 Homes
Many homes in Lake Elsinore are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 61 homes were sold in Lake Elsinore; 49% 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.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
41 DaysThis YearDec 2024 | ||
30 Days1 year agoDec 2023 | +37.0 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Lake Elsinore had an average listing age of 41 days in Dec 2024, up by 37.0% compared to the previous year.
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Newest Listings in Lake Elsinore, CA
What homes are available in Lake Elsinore, CA?
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MLS Disclaimers and Copyright
Based on information from California Regional MLS, Bay Area Real Estate Information Services Inc., Santa Barbara MLS, and Greater Antelope Valley MLS for the period 01/01/2023 - 01/01/2025
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate on this web site is provided through a cooperative data exchange program of the Bay Area Real Estate Information Services, Inc. Multiple Listing Service (BAREIS MLS) in which this real estate broker participates. The properties displayed are only the properties in the MLS's database approved by the cooperating listing Brokers to be displayed. Properties listed by brokers other than the broker owning this website are identified with the name of the listing broker's company, and name of the Listing Agent. Property information is provided by the listing broker. Information provided is not guaranteed to be accurate by BAREIS MLS, and you are advised to verify facts that are important to you. BAREIS MLS does not create, control, or review the property data displayed on this site and takes no responsibility for the content of such records. IDX information being provided is for the consumer's personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Properties may or may not be listed by the office/agent presenting the information. Copyright 2025 Greater Antelope Valley Association of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:15:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.