Is Channel Islands, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Channel Islands was a Neutral Market.
Key Takeaway
Channel Islands is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Channel Islands, CA
How much do homes in Channel Islands, CA cost?
Median Sold Price
$1,320,000
$531/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Channel Islands have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in Channel Islands was $1,320,000 in May 2024, down 3.3% from last year, and the median price per square foot was $531.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $535K | $490.7K | -8.3% |
| 2 Bedrooms | $991.2K | $875K | -11.7% |
| 3 Bedrooms | $1.6M | $1.6M | -0.6% |
| 4 Bedrooms | $2.2M | $1.9M | -12.3% |
| 5+ Bedrooms | $1.4M | $1.4M | -2.4% |
Summary: Channel Islands housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.3%, 2 bedroom homes decreased by 11.7%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Hollywood By The Sea | $1.1M | $1.3M | +21.7% |
| Sea View Estates | $710K | $739K | +4.1% |
| Via West | $690K | $702.5K | +1.8% |
| Channel Islands | $1.3M | $1.3M | -3.3% |
Housing Supply in Channel Islands, CA
How many homes are available in Channel Islands, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 33 | +17.9% |
Summary: The Channel Islands real estate market had 33 homes for sale in May 2024, a 17.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Channel Islands housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Channel Islands, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Channel Islands in May 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for Channel Islands, CA
How long does it take to sell a home in Channel Islands, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 45 Days | +11.8% |
Summary: Homes in Channel Islands had an average of 45 days on market in May 2024, up by 11.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Channel Islands has remained consistent over time.
Summary: During May 2024, 7 homes were sold in Channel Islands; 29% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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