Is Baldwin Park, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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
$655,000
$519/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Baldwin Park have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Baldwin Park was $655,000 in March 2024, up 0.8% from last year, and the median price per square foot was $519.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $427.5K | $348.9K | -18.4% |
| 2 Bedrooms | $490.8K | $556K | +13.3% |
| 3 Bedrooms | $668K | $660K | -1.2% |
| 4 Bedrooms | $720K | $731K | +1.5% |
| 5+ Bedrooms | $850K | $988.8K | +16.3% |
Summary: Baldwin Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.4%, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Cities
| Upper San Gabriel Valley | $941.6K | $985.4K | +4.7% |
| West Covina | $771.5K | $795K | +3.0% |
| Baldwin Park | $650K | $655K | +0.8% |
Housing Supply in Baldwin Park, CA
How many homes are available in Baldwin Park, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 41 | 45 | +9.8% |
Summary: The Baldwin Park real estate market had 45 homes for sale in March 2024, a 9.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 13 | +44.4% |
| 3 Bedrooms | 24 | 20 | -16.7% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Baldwin Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 17 | +142.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baldwin Park, you could pay more than the asking price. 58.8% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Baldwin Park in March 2024, up by 142.9% month-over-month. Of the 17 sold homes, 29% were sold under asking, 12% were sold at asking, and 59% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 16 Days | -66.7% |
Summary: Homes in Baldwin Park had an average of 16 days on market in Mar 2024, down by 66.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was 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 March 2024, 17 homes were sold in Baldwin Park; 94% of homes were sold within 30 days, 6% 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.