Is La Palma, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, La Palma has remained a Seller's Market.
Housing Prices in La Palma, CA
How much do homes in La Palma, CA cost?
Median Sold Price
$1,036,650
$574/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in La Palma was $1,036,650 in April 2024, up 6.9% from last year, and the median price per square foot was $574.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $562K | $625K | +11.2% |
3 Bedrooms | $870K | $910K | +4.6% |
4 Bedrooms | $1.0M | $1.1M | +9.2% |
5+ Bedrooms | $972.5K | $1.2M | +27.5% |
Summary: La Palma housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 27.5%.
Median Sold Price Compared To Nearby Cities
Cypress | $850K | $965K | +13.5% |
Cerritos | $946.6K | $1.0M | +8.8% |
La Palma | $970K | $1.0M | +6.9% |
Downey-Norwalk | $720.1K | $755K | +4.8% |
Buena Park | $815K | $851.2K | +4.4% |
Housing Supply in La Palma, CA
How many homes are available in La Palma, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 23 | +53.3% |
Summary: The La Palma real estate market had 23 homes for sale in April 2024, a 53.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The La Palma housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 8 | +166.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in La Palma in April 2024, up by 166.7% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.
Days on Market for La Palma, CA
How long does it take to sell a home in La Palma, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 10 Days | -74.4% |
Summary: Homes in La Palma had an average of 10 days on market in Apr 2024, down by 74.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in La Palma; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.