Is Baldwin Park, 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, Baldwin Park has remained a Seller's Market.
Housing Prices in Baldwin Park, CA
How much do homes in Baldwin Park, CA cost?
Median Sold Price
$655,000
$522/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Baldwin Park was $655,000 in May 2024, up 1.1% from last year, and the median price per square foot was $522.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $475K | $348.9K | -26.5% |
2 Bedrooms | $485K | $550K | +13.4% |
3 Bedrooms | $654K | $665K | +1.7% |
4 Bedrooms | $712K | $750K | +5.3% |
5+ Bedrooms | $780K | $996.9K | +27.8% |
Summary: Baldwin Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.5%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 27.8%.
Median Sold Price Compared To Nearby Cities
Upper San Gabriel Valley | $934.8K | $990.6K | +6.0% |
West Covina | $756.6K | $800K | +5.7% |
Baldwin Park | $648K | $655K | +1.1% |
Housing Supply in Baldwin Park, CA
How many homes are available in Baldwin Park, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
51 | 52 | +2.0% |
Summary: The Baldwin Park real estate market had 52 homes for sale in May 2024, a 2.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 13 | 16 | +23.1% |
3 Bedrooms | 26 | 23 | -11.5% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Baldwin Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 23.1%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 13 | +8.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Baldwin Park in May 2024, up by 8.3% month-over-month. Of the 13 sold homes, 31% were sold under asking, 23% were sold at asking, and 46% were sold over asking.
Days on Market for Baldwin Park, CA
How long does it take to sell a home in Baldwin Park, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 18 Days | -59.6% |
Summary: Homes in Baldwin Park had an average of 18 days on market in May 2024, down by 59.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Baldwin Park; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.