Is The Southwest, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, The Southwest has remained a Seller's Market.
Housing Prices in The Southwest, CA
How much do homes in The Southwest, CA cost?
Median Sold Price
$427,500
$251/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in The Southwest was $427,500 in April 2024, up 3.4% from last month, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $259.9K | $395K | +52.0% |
3 Bedrooms | $370K | $355K | -4.1% |
4 Bedrooms | $467.5K | $545K | +16.6% |
5+ Bedrooms | $730K | $588.7K | -19.3% |
Summary: The Southwest housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 52%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes decreased by 19.3%.
Median Sold Price Compared To Nearby Neighborhoods
Seven Oaks at Grand Island | $675K | $887.5K | +31.5% |
The Southwest | $413.5K | $427.5K | +3.4% |
Housing Supply in The Southwest, CA
How many homes are available in The Southwest, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
82 | 85 | +3.7% |
Summary: The The Southwest real estate market had 85 homes for sale in April 2024, a 3.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 36 | 35 | -2.8% |
4 Bedrooms | 30 | 30 | 0.0% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The The Southwest housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 21 | +16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in The Southwest in April 2024, up by 16.7% month-over-month. Of the 21 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for The Southwest, CA
How long does it take to sell a home in The Southwest, CA?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 23 Days | -35.3% |
Summary: Homes in The Southwest had an average of 23 days on market in Apr 2024, down by 35.3% compared to last month.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in The Southwest; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.