Phelan, CA Housing Market
Median List Price
$479,000
Updated August 2026
Today, Phelan has 75 homes for sale at a median list price of $479,000, typically selling in about 33 days.
Phelan Market Analysis
Buyers in Phelan, CA are looking at a median list price of $479,000. Median pricing works out to $259 per square foot. Since February, the median price has moved down about 15.8% to $433,000 as of July.
It takes about 21 days for the typical home here to go under contract. Phelan, CA has 75 active listings on the market right now. 28 new listings came on the market in the last 30 days.
Pricing spreads from a $320,000 median for two bedroom homes to $520,500 for four bedroom homes. Most of what is for sale here is single family homes, about 68.0% of the mix, with manufactured homes accounting for another 30.7%. Phelan, CA sits within the 92371 ZIP code.
Phelan Rental Market
Renters in Phelan, CA are looking at a median asking rent of $2,100. Since November 2025, the median rent has moved up about 35.0% to $2,700 as of June 2026. Phelan, CA has 3 active rental listings on the market right now.
Phelan Market Pulse
Topfind Market Read
The picture is mixed here. The typical home sells in about 33 days, yet 33% of sellers have trimmed their asking price, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$479K
↓ 4% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
5.0 months of supply
Balanced Supply75 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. Listings typically sell in ~33 days.
Sales Velocity
How fast homes are selling
Homes are selling at a steady pace, so buyers have some time, though competition still exists.
Inventory Distribution
Most current listings are under 30 days old, so the mix skews toward fresh inventory.
Housing Tenure in Phelan
Homeownership is significantly higher than average, making this a homeowner-dominated market with more long-term residents.
81%
Homeowners
19%
Renters
Homeownership is 25.5 points higher than the California average (55.5%)
5,194 households (2023)
Median Price by Bedroom
Home prices rise significantly with each additional bedroom.
Each additional bedroom adds about $98K in value on average.
Largest increase: 2 → 3 bedrooms (+$126K)
Price Reductions
25 listings have reduced their price
33% of active listings
Average reduction: 3.9% (~$19K)
Browse Phelan Listings
Frequently Asked Questions about the Phelan, CA Housing Market
What is the median home price in Phelan, CA?
The median list price in Phelan is $479,000 as of August 2026, based on 75 active listings.
Is Phelan a buyer's market or a seller's market?
Phelan currently reads as a balanced market. Active inventory works out to about 5.0 months of supply at the recent sales pace.
How fast do homes sell in Phelan?
Homes that closed in the last 90 days typically went under contract in about 21 days. The average home currently for sale has been on the market for 33 days.
Are home prices in Phelan going up or down?
The median sale price in Phelan is down about 4.5% compared with a year ago.
How many homes are for sale in Phelan, CA?
There are 75 homes for sale in Phelan right now, including 7 listed within the last week.
What is the median rent in Phelan?
The median asking rent in Phelan is $2,100 per month, across 3 active rental listings.