Is Gardena, 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, Gardena has remained a Seller's Market.
Housing Prices in Gardena, CA
How much do homes in Gardena, CA cost?
Median Sold Price
$750,000
$540/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Gardena was $750,000 in May 2024, up 4% from last year, and the median price per square foot was $540.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $377.5K | $475K | +25.8% |
2 Bedrooms | $570K | $587.5K | +3.1% |
3 Bedrooms | $742.5K | $778.5K | +4.8% |
4 Bedrooms | $837.4K | $830K | -0.9% |
5+ Bedrooms | $952K | $914.2K | -4.0% |
Summary: Gardena housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.8%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
Gardena | $721K | $750K | +4.0% |
Los Angeles | $968.1K | $995.9K | +2.9% |
Hawthorne | $863.5K | $875K | +1.3% |
Torrance | $1.0M | $1.0M | -3.5% |
Housing Supply in Gardena, CA
How many homes are available in Gardena, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
97 | 85 | -12.4% |
Summary: The Gardena real estate market had 85 homes for sale in May 2024, a 12.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 23 | 19 | -17.4% |
3 Bedrooms | 47 | 36 | -23.4% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Gardena 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 decreased by 17.4%, 3 bedroom homes decreased by 23.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 23 | -14.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Gardena in May 2024, down by 14.8% month-over-month. Of the 23 sold homes, 17% were sold under asking, 17% were sold at asking, and 65% were sold over asking.
Days on Market for Gardena, CA
How long does it take to sell a home in Gardena, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 15 Days | -43.1% |
Summary: Homes in Gardena had an average of 15 days on market in May 2024, down by 43.1% compared to last year.
Breakdown of Home Sale Times
20 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, 23 homes were sold in Gardena; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.