Is Broadmoor, 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, Broadmoor has remained a Seller's Market.
Key Takeaway
Broadmoor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Broadmoor, CA
How much do homes in Broadmoor, CA cost?
Median Sold Price
$1,057,500
$830/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Broadmoor have sold for 10.2% less than they did a year ago.
Summary: The median home sold price in Broadmoor was $1,057,500 in March 2024, down 10.2% from last year, and the median price per square foot was $830.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.0M | $920K | -8.4% |
| 3 Bedrooms | $1.1M | $1.0M | -5.1% |
| 4 Bedrooms | $1.4M | $1.3M | -8.7% |
| 5+ Bedrooms | $1.6M | $1.6M | +3.1% |
Summary: Broadmoor 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 decreased by 8.4%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Westlake | $1.2M | $1.2M | -6.5% |
| Broadmoor | $1.1M | $1.0M | -10.2% |
Housing Supply in Broadmoor, CA
How many homes are available in Broadmoor, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Summary: The Broadmoor real estate market had 6 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Broadmoor 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broadmoor, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Broadmoor in March 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Broadmoor, CA
How long does it take to sell a home in Broadmoor, CA?
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Broadmoor are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Broadmoor; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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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.