Is El Segundo, 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, El Segundo has remained a Seller's Market.
Housing Prices in El Segundo, CA
How much do homes in El Segundo, CA cost?
Median Sold Price
$1,650,000
$797/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in El Segundo was $1,650,000 in May 2024, up 13.4% from last year, and the median price per square foot was $797.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $421.2K | $1.1M | +179.5% |
2 Bedrooms | $895K | $815K | -8.9% |
3 Bedrooms | $1.4M | $1.4M | -2.0% |
4 Bedrooms | $1.9M | $1.9M | +1.7% |
5+ Bedrooms | $3.1M | $2.2M | -29.3% |
Summary: El Segundo housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 179.5%, 2 bedroom homes decreased by 8.9%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 29.3%.
Median Sold Price Compared To Nearby Cities
El Segundo | $1.4M | $1.6M | +13.4% |
Los Angeles | $968.1K | $995.9K | +2.9% |
Hawthorne | $863.5K | $875K | +1.3% |
South Bay Cities | $1.7M | $1.7M | 0% |
Manhattan Beach | $3.1M | $2.8M | -10.9% |
Housing Supply in El Segundo, CA
How many homes are available in El Segundo, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 32 | -3.0% |
Summary: The El Segundo real estate market had 32 homes for sale in May 2024, a 3.0% 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 | 4 | 3 | -25.0% |
3 Bedrooms | 14 | 11 | -21.4% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The El Segundo 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 25%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in El Segundo in May 2024, up by 37.5% month-over-month. Of the 11 sold homes, 27% were sold under asking, 18% were sold at asking, and 55% were sold over asking.
Days on Market for El Segundo, CA
How long does it take to sell a home in El Segundo, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 17 Days | -41.0% |
Summary: Homes in El Segundo had an average of 17 days on market in May 2024, down by 41% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in El Segundo; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.