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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bellflower is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Bellflower, CA

How much do homes in Bellflower, CA cost?

Median Sold Price

$745,000

$513/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$25,000(+3.5%)

Key Takeaway

Homes in Bellflower have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Bellflower was $745,000 in February 2024, up 3.5% from last year, and the median price per square foot was $513.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $675K$522K
-22.7%
2 $600K$577.5K
-3.8%
3 $730K$750K
+2.7%
4 $888K$887K
-0.1%
5+ $900.5K$1.0M
+16.6%

Summary: Bellflower housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.7%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 16.6%.

Median Sold Price Compared To Nearby Cities

Bellflower
+3.5%
Cerritos
+3.1%
Downey-Norwalk
+2.2%
Norwalk
0.5%

Housing Supply in Bellflower, CA

How many homes are available in Bellflower, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4544-2.2%

Summary: The Bellflower real estate market had 44 homes for sale in February 2024, a 2.2% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 77
0.0%
3 2623
-11.5%
4 77
0.0%
5+ 57
+40.0%

Summary: The Bellflower 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 decreased by 11.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
818+125.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bellflower, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in Bellflower in February 2024, up by 125.0% month-over-month. Of the 18 sold homes, 28% were sold under asking, 17% were sold at asking, and 56% were sold over asking.

Days on Market for Bellflower, CA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
30 Days48 Days+59.2%

Summary: Homes in Bellflower had an average of 48 days on market in Feb 2024, up by 59.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 18 homes were sold in Bellflower; 50% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 11% 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 2 Days Ago

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