Is Baldwin Park, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Baldwin Park has remained a Seller's Market.
Key Takeaway
Baldwin Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Baldwin Park, CA
How much do homes in Baldwin Park, CA cost?
Median Sold Price
$650,000
$500/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
The sold price of homes in Baldwin Park has remained the same since last year.
Summary: The median home sold price in Baldwin Park was $650,000 in November 2023, up 0.2% from last year, and the median price per square foot was $500.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $376.2K | $330K | -12.3% |
| 2 Bedrooms | $490.4K | $553.5K | +12.9% |
| 3 Bedrooms | $677K | $650K | -4.0% |
| 4 Bedrooms | $764.8K | $730K | -4.6% |
| 5+ Bedrooms | $852.5K | $810K | -5.0% |
Summary: Baldwin Park housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 12.3%, 2 bedroom homes increased by 12.9%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Cities
| Upper San Gabriel Valley | $947.8K | $951.9K | 0.4% |
| Baldwin Park | $648.5K | $650K | 0.2% |
| West Covina | $785.7K | $767.6K | -2.3% |
Housing Supply in Baldwin Park, CA
How many homes are available in Baldwin Park, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 57 | 45 | -21.1% |
Summary: The Baldwin Park real estate market had 45 homes for sale in November 2023, a 21.1% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 16 | 13 | -18.8% |
| 3 Bedrooms | 26 | 23 | -11.5% |
| 4 Bedrooms | 11 | 6 | -45.5% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Baldwin Park housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.8%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 45.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 20 | 13 | -35.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baldwin Park, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Baldwin Park in November 2023, down by 35.0% month-over-month. Of the 13 sold homes, 46% were sold under asking, 0% were sold at asking, and 54% were sold over asking.
Days on Market for Baldwin Park, CA
How long does it take to sell a home in Baldwin Park, CA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 62 Days | 17 Days | -72.1% |
Summary: Homes in Baldwin Park had an average of 17 days on market in Nov 2023, down by 72.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Baldwin Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 13 homes were sold in Baldwin Park; 85% of homes were sold within 30 days, 15% 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.