How much does it cost to
buy a home in El Cajon? By John Costigan
SALES OVER THE PAST YEAR. The median price of homes in El Cajon was $ 750,000 in April 2022. The town experienced an increase in the number of houses sold. Two hundred seventy-seven houses were sold in April 2022 compared to last year when only 96 homes were sold. El Cajon has an advantage for families with kids because there is about 53 school which are elementary, 37 middle schools, and 29 high schools within the area. Ratings of these schools are 3 out10 of the best schools. The city has had more market days than last year. Homes stayed for about 22 days in the market in 2021, but the number increased to
28 in April 2022. El Cajon is a seller market; the houses sell higher than the listing price by 3% and pend for around eight days. Homes with high demand, also categorized as hot homes, are sold at a price that is 8% higher than the listing price and pend for five days. Sellers receive multiple offers from potential buyers, some with waived contingencies. El Cajon is reported to have more potential home buyers than the number of houses available for sale. There is thus an imbalance between supply and demand, showing high inventory levels, which is why home is sold out expensively. Trends in the median price of a single-family home and condo. TOWNHOMES /CONDO April 2022 had about 60 homes sold compared to the same month last year, whereby only 18 homes were
JULY 2022 | 107
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l Cajon is found in California, and currently, it has 366 home listings that are active, 71 of these being newly constructed, and 86 are available for rent. The town is known to have homes (condos) that are affordable.
