Is Cahuenga Pass, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Cahuenga Pass was a Neutral Market.
Housing Prices in Cahuenga Pass, CA
How much do homes in Cahuenga Pass, CA cost?
Median Sold Price
$1,860,000
$981/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cahuenga Pass was $1,860,000 in April 2024, up 11.3% from last year, and the median price per square foot was $981.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.0M | $1.0M | -4.2% |
2 Bedrooms | $1.1M | $1.3M | +23.9% |
3 Bedrooms | $2.0M | $1.8M | -9.1% |
4 Bedrooms | $2.4M | $2.5M | +4.9% |
5+ Bedrooms | $3.8M | $4.3M | +14.0% |
Summary: Cahuenga Pass housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes increased by 23.9%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 14%.
Median Sold Price Compared To Nearby Neighborhoods
Cahuenga Pass | $1.6M | $1.8M | +11.3% |
Hollywood Hills | $1.6M | $1.7M | +4.5% |
Hollywood Hills West | $2.5M | $2.5M | 0.4% |
Central LA | $1.3M | $1.3M | -1.9% |
Housing Supply in Cahuenga Pass, CA
How many homes are available in Cahuenga Pass, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 45 | +32.4% |
Summary: The Cahuenga Pass real estate market had 45 homes for sale in April 2024, a 32.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 17 | +70.0% |
3 Bedrooms | 7 | 10 | +42.9% |
4 Bedrooms | 12 | 14 | +16.7% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Cahuenga Pass housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 70%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Cahuenga Pass in April 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Cahuenga Pass, CA
How long does it take to sell a home in Cahuenga Pass, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
11 Days | 48 Days | +320.9% |
Summary: Homes in Cahuenga Pass had an average of 48 days on market in Apr 2024, up by 320.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Cahuenga Pass; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.