Is Cheviot Hills, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Cheviot Hills was a Seller's Market.
Key Takeaway
Cheviot Hills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cheviot Hills, CA
How much do homes in Cheviot Hills, CA cost?
Median Sold Price
$2,643,000
$1,087/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cheviot Hills have sold for 11.6% less than they did a year ago.
Summary: The median home sold price in Cheviot Hills was $2,643,000 in March 2024, down 11.6% from last year, and the median price per square foot was $1,087.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.4M | $2.1M | +46.1% |
| 3 Bedrooms | $2.2M | $2.4M | +7.2% |
| 4 Bedrooms | $2.9M | $2.6M | -9.7% |
| 5+ Bedrooms | $4.5M | $4.1M | -8.1% |
Summary: Cheviot Hills 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 46.1%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes decreased by 8.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Palms | $1.0M | $1.3M | +30.1% |
| Beverlywood | $2.3M | $2.6M | +12.3% |
| Pico Robinson | $1.3M | $1.3M | -5.3% |
| Cheviot Hills | $2.9M | $2.6M | -11.6% |
Housing Supply in Cheviot Hills, CA
How many homes are available in Cheviot Hills, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Summary: The Cheviot Hills real estate market had 14 homes for sale in March 2024, a 22.2% decrease 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Cheviot Hills 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 decreased by 50%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cheviot Hills, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Cheviot Hills in March 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Cheviot Hills, CA
How long does it take to sell a home in Cheviot Hills, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 50 Days | +65.9% |
Summary: Homes in Cheviot Hills had an average of 50 days on market in Mar 2024, up by 65.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cheviot Hills has remained consistent over time.
Summary: During March 2024, 1 homes were sold in Cheviot Hills; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.