Is The Southeast, 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, The Southeast has remained a Seller's Market.
Housing Prices in The Southeast, CA
How much do homes in The Southeast, CA cost?
Median Sold Price
$720,000
$540/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in The Southeast was $720,000 in April 2024, up 4.3% from last year, and the median price per square foot was $540.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $415K | $400.2K | -3.6% |
2 Bedrooms | $567.8K | $600K | +5.7% |
3 Bedrooms | $700K | $730K | +4.3% |
4 Bedrooms | $805.8K | $834.9K | +3.6% |
5+ Bedrooms | $975K | $1.1M | +16.9% |
Summary: The Southeast housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 16.9%.
Median Sold Price Compared To Nearby Neighborhoods
West Whittier-Los Nietos | $700K | $746.5K | +6.6% |
South Whittier | $722.4K | $764.5K | +5.8% |
The Southeast | $689.9K | $720K | +4.3% |
East Compton | $632.5K | $612.5K | -3.2% |
Housing Supply in The Southeast, CA
How many homes are available in The Southeast, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
814 | 830 | +2.0% |
Summary: The The Southeast real estate market had 830 homes for sale in April 2024, a 2.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 13 | +8.3% |
2 Bedrooms | 181 | 179 | -1.1% |
3 Bedrooms | 394 | 415 | +5.3% |
4 Bedrooms | 156 | 151 | -3.2% |
5+ Bedrooms | 71 | 72 | +1.4% |
Summary: The The Southeast housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 1.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
230 | 252 | +9.6% |
Asking Price vs. Sold Price
61 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
153 Homes Were Sold
Over Asking
Summary: A total of 252 homes were sold or pending in The Southeast in April 2024, up by 9.6% month-over-month. Of the 252 sold homes, 24% were sold under asking, 15% were sold at asking, and 61% were sold over asking.
Days on Market for The Southeast, CA
How long does it take to sell a home in The Southeast, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 19 Days | -38.5% |
Summary: Homes in The Southeast had an average of 19 days on market in Apr 2024, down by 38.5% compared to last year.
Breakdown of Home Sale Times
203 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 252 homes were sold in The Southeast; 81% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.