Borrego Springs, CA Home Values & Market Trends
Real estate market trends reflect that there have been 116 transactions over the past year in Borrego Springs. The median value for residential home transactions that occurred over the previous year is $409,732.72. The number of current listings in Borrego Springs is 5, and the percentage of properties for sale in the city is 5.00%. Borrego Springs, CA currently has 7 properties in foreclosure, 1 bank owned properties, 1 properties headed for auction, and 5 properties for sale.
Borrego Springs, CA Real Estate Market Overview
Zip | Median Est. Value |
---|---|
92004 | $ 650,000 $ 257/sqft |
Housing Market Summary for Borrego Springs, CA
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $354.5K | $397.8K | 12.22% |
Median Sold Price | $393.4K | $397.8K | 1.13% |
Homes For Sale | 4 | 6 | 50.00% |
Homes Sold | 94 | 78 | -17.02% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Borrego Springs, CA
Browse Homes in Borrego Springs, CA
Borrego Springs home values range from $76,194 to $2,847,000. The median estimated value of a home in Borrego Springs is $409,732.72. The median list price of a home is 650,000, and the total count of properties in the city is 2,160.
- Pre-ForeclosurePre-foreclosure homes account for 0.23% of all residential properties in Borrego Springs, CA with 92004 containing 5 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Borrego Springs, CA; of that zips, the estimated home value for pre-foreclosure homes ranges from $824,700 in 92004 to the lowest home value of $245,000 in 92004.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Borrego Springs, CA ranges from the highest value of $396,600 in 92004 to the lowest value of $396,600 in 92004. Bank owned homes and properties account for 0.05% of properties in Borrego Springs, CA. There is 1 zips within Borrego Springs, CA; 92004 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions92004 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Borrego Springs, CA. Auction homes and other auction properties account for 0.05% of all properties in Borrego Springs, CA. There is 1 zips within Borrego Springs, CA; of that zips, the median estimated home value for homes going to auction ranges from $344,300 in 92004 to the lowest value of $344,300 in 92004.
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Guide for Borrego Springs, CA
In the past year, California’s real estate market has seen a moderate rise in property values, reflecting enduring confidence despite some fluctuations, with particular note on per square foot value increases and transactional stability across the diverse county markets.
Oakland’s real estate market, along with its neighboring cities, experienced a peak in 2023 but slowly began to cool off in 2024.
Anaheim, CA’s real estate trends show consistent growth in property values, latest data shows.
The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.