Is Signal Hill, 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, Signal Hill has remained a Seller's Market.
Key Takeaway
Signal Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Signal Hill, CA
How much do homes in Signal Hill, CA cost?
Median Sold Price
$600,624
$482/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Signal Hill have sold for 4.7% less than they did a year ago.
Summary: The median home sold price in Signal Hill was $600,624 in May 2024, down 4.7% from last year, and the median price per square foot was $482.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $431K | $460K | +6.7% |
| 2 Bedrooms | $550.5K | $577.5K | +4.9% |
| 3 Bedrooms | $776.2K | $850K | +9.5% |
| 4 Bedrooms | $1.2M | $1.1M | -9.8% |
| 5+ Bedrooms | $1.3M | $1.2M | -6.3% |
Summary: Signal Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes decreased by 6.3%.
Median Sold Price Compared To Nearby Cities
| Long Beach-Lakewood | $775K | $814.9K | +5.2% |
| Long Beach | $771.5K | $801.6K | +3.9% |
| Signal Hill | $630K | $600.6K | -4.7% |
Housing Supply in Signal Hill, CA
How many homes are available in Signal Hill, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 33 | +32.0% |
Summary: The Signal Hill real estate market had 33 homes for sale in May 2024, a 32.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 12 | 14 | +16.7% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Signal Hill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Signal Hill, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Signal Hill in May 2024, down by 20.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 25% were sold at asking, and 63% were sold over asking.
Days on Market for Signal Hill, CA
How long does it take to sell a home in Signal Hill, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 9 Days | -40.2% |
Summary: Homes in Signal Hill had an average of 9 days on market in May 2024, down by 40.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Signal Hill are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Signal Hill; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.