Is Baldwin Heights / Crenshaw, 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, Baldwin Heights / Crenshaw has remained a Seller's Market.
Key Takeaway
Baldwin Heights / Crenshaw is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Baldwin Heights / Crenshaw, CA
How much do homes in Baldwin Heights / Crenshaw, CA cost?
Median Sold Price
$1,040,000
$643/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Baldwin Heights / Crenshaw have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Baldwin Heights / Crenshaw was $1,040,000 in April 2024, down 1.4% from last year, and the median price per square foot was $643.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $592.5K | $515K | -13.1% |
| 2 Bedrooms | $670K | $650K | -3.0% |
| 3 Bedrooms | $1.3M | $1.2M | -7.4% |
| 4 Bedrooms | $1.6M | $1.8M | +9.1% |
| 5+ Bedrooms | $2.1M | $1.4M | -31.2% |
Summary: Baldwin Heights / Crenshaw housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.1%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 31.2%.
Housing Supply in Baldwin Heights / Crenshaw, CA
How many homes are available in Baldwin Heights / Crenshaw, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 59 | 67 | +13.6% |
Summary: The Baldwin Heights / Crenshaw real estate market had 67 homes for sale in April 2024, a 13.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 21 | 20 | -4.8% |
| 3 Bedrooms | 20 | 25 | +25.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Baldwin Heights / Crenshaw housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baldwin Heights / Crenshaw, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Baldwin Heights / Crenshaw in April 2024, down by 7.1% month-over-month. Of the 13 sold homes, 46% were sold under asking, 8% were sold at asking, and 46% were sold over asking.
Days on Market for Baldwin Heights / Crenshaw, CA
How long does it take to sell a home in Baldwin Heights / Crenshaw, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 59 Days | +147.6% |
Summary: Homes in Baldwin Heights / Crenshaw had an average of 59 days on market in Apr 2024, up by 147.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Baldwin Heights / Crenshaw are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in Baldwin Heights / Crenshaw; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% 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.