Is Hawaiian Gardens, 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, Hawaiian Gardens has remained a Seller's Market.
Key Takeaway
Hawaiian Gardens is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hawaiian Gardens, CA
How much do homes in Hawaiian Gardens, CA cost?
Median Sold Price
$557,500
$519/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hawaiian Gardens have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Hawaiian Gardens was $557,500 in May 2024, up 4.2% from last year, and the median price per square foot was $519.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $445K | $400.5K | -10.0% |
| 2 Bedrooms | $519K | $505K | -2.7% |
| 3 Bedrooms | $606.5K | $620K | +2.2% |
| 4 Bedrooms | $820K | $840K | +2.4% |
| 5+ Bedrooms | $629.5K | - | N/A |
Summary: Hawaiian Gardens housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cypress | $850K | $980K | +15.3% |
| Lakewood | $788.8K | $839K | +6.4% |
| Long Beach-Lakewood | $775K | $814.9K | +5.2% |
| Hawaiian Gardens | $535K | $557.5K | +4.2% |
| Long Beach | $771.5K | $801.6K | +3.9% |
Housing Supply in Hawaiian Gardens, CA
How many homes are available in Hawaiian Gardens, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 6 | -53.8% |
Summary: The Hawaiian Gardens real estate market had 6 homes for sale in May 2024, a 53.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 2 | -66.7% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hawaiian Gardens housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hawaiian Gardens, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Hawaiian Gardens in May 2024, down by 50.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Hawaiian Gardens, CA
How long does it take to sell a home in Hawaiian Gardens, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 18 Days | -38.3% |
Summary: Homes in Hawaiian Gardens had an average of 18 days on market in May 2024, down by 38.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hawaiian Gardens are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Hawaiian Gardens; 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.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.