Is Inglewood, 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, Inglewood has remained a Seller's Market.
Housing Prices in Inglewood, CA
How much do homes in Inglewood, CA cost?
Median Sold Price
$720,000
$533/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Inglewood was $720,000 in May 2024, down 0.7% from last year, and the median price per square foot was $533.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $366K | $380K | +3.8% |
2 Bedrooms | $580K | $585K | +0.9% |
3 Bedrooms | $808.5K | $766K | -5.3% |
4 Bedrooms | $1.0M | $1.0M | +4.3% |
5+ Bedrooms | $1.3M | $1.3M | -2.8% |
Summary: Inglewood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 0.9%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Cities
Los Angeles | $968.1K | $995.9K | +2.9% |
Hawthorne | $863.5K | $875K | +1.3% |
Inglewood | $725K | $720K | -0.7% |
Housing Supply in Inglewood, CA
How many homes are available in Inglewood, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
137 | 146 | +6.6% |
Summary: The Inglewood real estate market had 146 homes for sale in May 2024, a 6.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 5 | -28.6% |
2 Bedrooms | 39 | 49 | +25.6% |
3 Bedrooms | 57 | 56 | -1.8% |
4 Bedrooms | 14 | 17 | +21.4% |
5+ Bedrooms | 20 | 19 | -5.0% |
Summary: The Inglewood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 25.6%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 31 | +24.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Inglewood in May 2024, up by 24.0% month-over-month. Of the 31 sold homes, 35% were sold under asking, 13% were sold at asking, and 52% were sold over asking.
Days on Market for Inglewood, CA
How long does it take to sell a home in Inglewood, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 41 Days | -14.6% |
Summary: Homes in Inglewood had an average of 41 days on market in May 2024, down by 14.6% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in Inglewood; 71% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.