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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blythe is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Blythe was a Seller's Market.

Key Takeaway

Blythe is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Blythe, CA

How much do homes in Blythe, CA cost?

Median Sold Price

$232,500

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$4,000(-1.7%)

Key Takeaway

Homes in Blythe have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in Blythe was $232,500 in March 2024, down 1.7% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$249.5K
N/A
2 $160K$162.5K
+1.6%
3 $224K$241.1K
+7.7%
4 $262K$249.9K
-4.6%
5+ $290K$428K
+47.6%

Summary: Blythe housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 47.6%.

Housing Supply in Blythe, CA

How many homes are available in Blythe, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6364+1.6%

Summary: The Blythe real estate market had 64 homes for sale in March 2024, a 1.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 67
+16.7%
3 3738
+2.7%
4 1614
-12.5%
5+ 34
+33.3%

Summary: The Blythe 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 16.7%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
98-11.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Blythe, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Blythe in March 2024, down by 11.1% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.

Days on Market for Blythe, CA

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

Average Sale Time

Mar 2023Mar 2024CHANGE
57 Days81 Days+41.4%

Summary: Homes in Blythe had an average of 81 days on market in Mar 2024, up by 41.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Blythe are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 8 homes were sold in Blythe; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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 24 Days Ago

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