Is Hawthorne, 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, Hawthorne has remained a Seller's Market.
Housing Prices in Hawthorne, CA
How much do homes in Hawthorne, CA cost?
Median Sold Price
$875,000
$652/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hawthorne was $875,000 in May 2024, up 1.3% from last year, and the median price per square foot was $652.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $775K | $840K | +8.4% |
2 Bedrooms | $770K | $785K | +1.9% |
3 Bedrooms | $835K | $870K | +4.2% |
4 Bedrooms | $950K | $975K | +2.6% |
5+ Bedrooms | $1.3M | $1.2M | -4.7% |
Summary: Hawthorne housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Cities
Lawndale | $774.5K | $815K | +5.2% |
Gardena | $721K | $750K | +4.0% |
Hawthorne | $863.5K | $875K | +1.3% |
South Bay Cities | $1.7M | $1.7M | 0% |
Inglewood | $725K | $720K | -0.7% |
Housing Supply in Hawthorne, CA
How many homes are available in Hawthorne, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
76 | 72 | -5.3% |
Summary: The Hawthorne real estate market had 72 homes for sale in May 2024, a 5.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 42 | 42 | 0.0% |
4 Bedrooms | 23 | 19 | -17.4% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Hawthorne 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 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 19 | -20.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Hawthorne in May 2024, down by 20.8% month-over-month. Of the 19 sold homes, 37% were sold under asking, 5% were sold at asking, and 58% were sold over asking.
Days on Market for Hawthorne, CA
How long does it take to sell a home in Hawthorne, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 21 Days | -43.7% |
Summary: Homes in Hawthorne had an average of 21 days on market in May 2024, down by 43.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Hawthorne; 84% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.