Is Center City, 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, Center City was a Seller's Market.
Housing Prices in Center City, CA
How much do homes in Center City, CA cost?
Median Sold Price
$900,000
$778/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Center City was $900,000 in April 2024, up 2.9% from last year, and the median price per square foot was $778.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $646.5K | $620K | -4.1% |
2 Bedrooms | $943K | $999.5K | +6.0% |
3 Bedrooms | $1.4M | $2.0M | +40.0% |
4 Bedrooms | - | $1.8M | N/A |
5+ Bedrooms | $2.6M | $2.6M | -1.3% |
Summary: Center City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.1%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 40%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Neighborhoods
Eastside West Hollywood | $1.3M | $1.6M | +19.8% |
Center City | $875K | $900K | +2.9% |
Beverly Grove | $1.9M | $1.8M | -5.6% |
Housing Supply in Center City, CA
How many homes are available in Center City, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 60 | +20.0% |
Summary: The Center City real estate market had 60 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 18 | +38.5% |
2 Bedrooms | 27 | 31 | +14.8% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Center City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 38.5%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Center City in April 2024, the same as the previous month. Of the 9 sold homes, 56% were sold under asking, 0% were sold at asking, and 44% were sold over asking.
Days on Market for Center City, CA
How long does it take to sell a home in Center City, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 20 Days | +9.3% |
Summary: Homes in Center City had an average of 20 days on market in Apr 2024, up by 9.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Center City; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.