Phelan Housing Market Report – June 2026
Here's a look at how the Phelan, CA real estate market performed in June 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 54
- Median Sale Price: $340,000
- Average Sale Price: $294,417
- Average Price Per Sq Ft: $266
- Average Days on Market: 114
- Sale-to-List Price Ratio: 96.3%
Month-Over-Month Trends
Compared to May, the median sale price in Phelan moved 2.2% down (from $347,500 to $340,000). The number of homes sold was 58.8% up compared to the prior month (34 vs. 54). Average days on market shifted 3.4% down (118 days to 114 days).
Year-Over-Year Comparison
Compared to June 2025, the median sale price is 6.8% up (from $318,250 to $340,000). Sales volume is 125.0% up year-over-year.
What This Means
Phelan's housing market is showing mixed signals as we head into summer 2026. While sales volume jumped dramatically month-over-month, this likely reflects improved data collection rather than a genuine market surge, so the real story lies elsewhere. The median price dipped 2.2% this month to $340,000, though year-over-year it's still up 6.8%, suggesting the market has found a relatively stable range. The critical metric here is days on market, which dropped from 118 to 114 days—a modest improvement that points to slightly better buyer interest, possibly driven by seasonal summer shopping patterns.
What's worth watching is that massive inventory overhang. With 353 active listings but only 54 homes selling, the market is heavily skewed toward sellers struggling to move properties. The median asking price on active listings sits at just $175,000, creating a confusing picture compared to the $340,000 median for sold homes—this likely reflects a wide range of property types and conditions. The 96.3% sale-to-list ratio is solid, suggesting homes that do sell are priced fairly, but buyers seem selective.
Overall, Phelan remains a buyer-favorable market with reasonable prices by California standards, though patience is required in this deliberate-moving segment.
Phelan Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92371 | 52 | $340,000 | $266 | 117 |
| 92329 | 1 | $40,000 | N/A | 20 |
| 92372 | 1 | $449,000 | $255 | 104 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 18 | $424,500 | $254 |
| LAND | 16 | $58,500 | N/A |
| MOBILE | 15 | $402,000 | $282 |
| OTHER | 5 | $83,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 14 |
| $100K - $199K | 7 |
| $200K - $299K | 3 |
| $300K - $399K | 10 |
| $400K - $499K | 12 |
| $500K - $749K | 8 |
Current Active Listings
As of this report, there are 353 active listings in Phelan with a median asking price of $175,000 and an average of 207 days on market.
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