March 2024 Real Estate Report

Homes For Sale
196 Total
Homes For Sale
Homes added
91 Homes
Added to the Market
Homes For Sale
74 Homes
Sold
Compared to Previous Month
17%
More Homes For Sale
home chart
34%
More Homes Sold
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Last month in March, housing in Lake Elsinore, CA ended with 91 homes being added to the market for sale, for a cumulative monthly total of 196 homes for sale - up 17% compared to February. Lake Elsinore, CA had a total of 74 homes sold for the month - up 34% from the month prior.

Detached led the way in homes sold with a total of 66 - up 33%, while attached totaled 8 in closed sales - up 38% from the month of February. The number of detached properties sold under 1500 square feet totaled 10 for the month of March, while homes from 1500 to 2000 square feet recorded 20 sales and homes sized from 2000 to 2500 square feet had 14 sales. While homes from 2500 to 3000 square feet square feet recorded 12 homes sold and homes from 3000 to 3500 square feet had 9 sales and while homes in the 3500 to 4000 square feet range totaled 1 homes sold. The following ranges for detached homes all had no sales: 4000 to 4500, 4500 to 5000, over 5500.

The number of attached homes sold under 1500 square feet numbered 5, attached homes in the square feet range of 1500 to 2000 recorded 2 sales and attached properties from 2500 to 3000 square feet had a total of 1 homes sold. The following ranges for attached homes all had no sales: 2000 to 2500, 3000 to 3500, 3500 to 4000, 4000 to 4500, 4500 to 5000, over 5500.


When are the most homes sold in Lake Elsinore, CA?
June:
84 Homes Sold
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The last 12 month period for the city of Lake Elsinore, CA shows that the greatest number of homes were sold during the months of May 2023, June 2023 and March 2024. The months of May 2023, June 2023 and March 2024 had 74 - 84 and 74 homes sold, respectively, as compared to an average of 55 for the other months of the year.

Sold Comparison Image
When do homes sell the fastest in Lake Elsinore, CA?
August:
13 Days On Market
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The last 12 month period for the city of Lake Elsinore, CA shows that homes sold the fastest during the months of June 2023, July 2023 and August 2023. The months of June 2023, July 2023 and August 2023 had 17 - 15 and 13 days on market, respectively, as compared to an average of 29 for the other months of the year.


Average Price Of Homes Sold In Lake Elsinore, CA
By Size Category

Average Sold Price
Average Price Per Square Foot

Average Price Of Homes Sold In Lake Elsinore, CA
By Year

Average Sold Price
Average Price Per Square Foot
Number of homes sold in Lake Elsinore, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2024494974 - - - - - - - - - 172
2023585771647484595272525245740
2022859013498129956767717856701040
20218382113104129116120115114122991161313
2020829897828096114122931301041321230
201975548711510111810710410410296971160
2018798096104120113128988210575871167
2017917711012313314510912710796911121321
Average Days On Market (DOM) In Lake Elsinore, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2024343728 - - - - - - - - - 33
202348513630301715131827253128
202218161213121518162934413221
2021137116497121413131911
2020333830301938251614128722
201942514143313436343342423739
201830223132242831363432354131
201727413429232217211725262926
Average Days From List To Close Of Escrow In Lake Elsinore, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
20249497103 - - - - - - - - - 98
202311211711398968669757274698789
2022746967625765706780848310273
202174657064576657656663647265
2020919874948710093838370676884
2019106106981028685948685939410395
2018898680798678788588818510685
2017949911095877369786485749185
Number of homes added to the market in Lake Elsinore, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2024698691 - - - - - - - - - 246
2023735666757685809974866249881
20221001311151161049687101737358461100
20219099118125128113125144106104101541307
202013310687718991104123125119101711220
20198674129102114121112108939857641158
20188712511212212611797105809679371183
2017771021461281071321121151089587601269