Is Artesia, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Artesia is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Artesia has remained a Seller's Market.

Key Takeaway

Artesia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Artesia, CA

How much do homes in Artesia, CA cost?

Median Sold Price

$713,000

$598/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$33,000(+4.9%)

Key Takeaway

Homes in Artesia have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Artesia was $713,000 in February 2024, up 4.9% from last year, and the median price per square foot was $598.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $300K$375K
+25.0%
2 $495K$525K
+6.1%
3 $740K$767K
+3.6%
4 $881.5K$878K
-0.4%
5+ $1.0M$1.5M
+53.0%

Summary: Artesia housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 53%.

Median Sold Price Compared To Nearby Cities

Artesia
+4.9%
Cerritos
+3.1%
Downey-Norwalk
+2.2%
Norwalk
0.5%

Housing Supply in Artesia, CA

How many homes are available in Artesia, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2324+4.3%

Summary: The Artesia real estate market had 24 homes for sale in February 2024, a 4.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 33
0.0%
3 810
+25.0%
4 1010
0.0%
5+ 21
-50.0%

Summary: The Artesia housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Artesia, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Artesia in February 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.

Days on Market for Artesia, CA

How long does it take to sell a home in Artesia, CA?

Average Sale Time

Feb 2023Feb 2024CHANGE
45 Days54 Days+20.2%

Summary: Homes in Artesia had an average of 54 days on market in Feb 2024, up by 20.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Artesia are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 6 homes were sold in Artesia; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Artesia, CA

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