Is Signal Hill, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Signal Hill has remained a Seller's Market.
Housing Prices in Signal Hill, CA
How much do homes in Signal Hill, CA cost?
Median Sold Price
$600,624
$482/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Signal Hill was $600,624 in May 2024, down 4.7% from last year, and the median price per square foot was $482.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $431K | $460K | +6.7% |
2 Bedrooms | $550.5K | $577.5K | +4.9% |
3 Bedrooms | $776.2K | $850K | +9.5% |
4 Bedrooms | $1.2M | $1.1M | -9.8% |
5+ Bedrooms | $1.3M | $1.2M | -6.3% |
Summary: Signal Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes decreased by 6.3%.
Median Sold Price Compared To Nearby Cities
Long Beach-Lakewood | $775K | $814.9K | +5.2% |
Long Beach | $771.5K | $801.6K | +3.9% |
Signal Hill | $630K | $600.6K | -4.7% |
Housing Supply in Signal Hill, CA
How many homes are available in Signal Hill, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 33 | +32.0% |
Summary: The Signal Hill real estate market had 33 homes for sale in May 2024, a 32.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 12 | 14 | +16.7% |
3 Bedrooms | 7 | 10 | +42.9% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Signal Hill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Signal Hill in May 2024, down by 20.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 25% were sold at asking, and 63% were sold over asking.
Days on Market for Signal Hill, CA
How long does it take to sell a home in Signal Hill, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 9 Days | -40.2% |
Summary: Homes in Signal Hill had an average of 9 days on market in May 2024, down by 40.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Signal Hill; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.