Is Rolling Hills Estates, 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, Rolling Hills Estates has remained a Seller's Market.
Housing Prices in Rolling Hills Estates, CA
How much do homes in Rolling Hills Estates, CA cost?
Median Sold Price
$1,650,000
$769/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rolling Hills Estates was $1,650,000 in May 2024, down 7.8% from last year, and the median price per square foot was $769.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $361K | $635.2K | +76.0% |
2 Bedrooms | $1.0M | $984K | -4.5% |
3 Bedrooms | $1.5M | $1.5M | +3.0% |
4 Bedrooms | $2.1M | $2.1M | -3.5% |
5+ Bedrooms | $3.5M | $3.2M | -9.2% |
Summary: Rolling Hills Estates housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 76%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 9.2%.
Median Sold Price Compared To Nearby Cities
Rolling Hills | $3.9M | $4.9M | +24.0% |
Palos Verdes Peninsula | $2.3M | $2.5M | +8.8% |
Lomita | $835K | $855K | +2.4% |
Rancho Palos Verdes | $1.7M | $1.6M | -1.4% |
Rolling Hills Estates | $1.7M | $1.6M | -7.8% |
Housing Supply in Rolling Hills Estates, CA
How many homes are available in Rolling Hills Estates, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 34 | -5.6% |
Summary: The Rolling Hills Estates real estate market had 34 homes for sale in May 2024, a 5.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Rolling Hills Estates 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Rolling Hills Estates in May 2024, up by 28.6% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Rolling Hills Estates, CA
How long does it take to sell a home in Rolling Hills Estates, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 36 Days | +67.6% |
Summary: Homes in Rolling Hills Estates had an average of 36 days on market in May 2024, up by 67.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Rolling Hills Estates; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.