Inventory in Phelan is relatively lean, with 34 homes for sale and just 3.4 months of supply, pointing to a seller’s market. Contract activity has cooled compared to last year, with 12 pending sales and a 40.0 percent drop in pending volume even as new listings are up 21.43 percent year over year to 17.
Pricing has pushed upward despite the slower contract flow, with the typical home value at $514,500, up 9.47 percent from a year ago and 25.49 percent month over month. Meanwhile, the median list price has been steadier at $499,900, edging only 0.08 percent higher month over month, suggesting sellers are testing the upper end carefully.
Homes are taking longer to sell, sitting a median of 84 days on the market, which is a 42.37 percent increase from last month and 23.53 percent higher than a year ago, even though 50.0 percent of sales still close above list and the average sale-to-list ratio is a strong 0.99. Compared with San Bernardino County’s typical value of $545,000 and slight yearly price dip, Phelan’s pricing trends stand out as relatively stronger given the smaller 5,239-home countywide inventory. Around 11.76 percent of listings have seen a price drop and projected figures for March show typical values rising toward $566,750 with inventory near 35, so having an expert guide is important. Buyers and sellers in Phelan can both benefit from Agent Pronto’s help in connecting with a skilled local agent who understands these dynamics.
