Is Paramount, 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, Paramount has remained a Seller's Market.
Housing Prices in Paramount, CA
How much do homes in Paramount, CA cost?
Median Sold Price
$560,000
$495/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Paramount was $560,000 in May 2024, up 4.7% from last year, and the median price per square foot was $495.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $360K | $400K | +11.1% |
2 Bedrooms | $462.5K | $525K | +13.5% |
3 Bedrooms | $632.5K | $605K | -4.3% |
4 Bedrooms | $785K | $765K | -2.5% |
5+ Bedrooms | $800K | $900K | +12.5% |
Summary: Paramount housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 13.5%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Cities
Bellflower | $690K | $760K | +10.1% |
Paramount | $535K | $560K | +4.7% |
Compton | $580K | $600K | +3.4% |
Housing Supply in Paramount, CA
How many homes are available in Paramount, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 30 | +25.0% |
Summary: The Paramount real estate market had 30 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 5 | 8 | +60.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Paramount 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 increased by 9.1%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 11 | +266.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Paramount in May 2024, up by 266.7% month-over-month. Of the 11 sold homes, 18% were sold under asking, 18% were sold at asking, and 64% were sold over asking.
Days on Market for Paramount, CA
How long does it take to sell a home in Paramount, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
62 Days | 19 Days | -69.4% |
Summary: Homes in Paramount had an average of 19 days on market in May 2024, down by 69.4% 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 Paramount; 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.