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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Commerce is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Commerce has remained a Seller's Market.

Key Takeaway

Commerce is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Commerce, CA

How much do homes in Commerce, CA cost?

Median Sold Price

$690,000

$546/sqft

Based on all homes sold in June 2024.

Difference Since Last Month

-$10,000(-1.4%)

Key Takeaway

Homes in Commerce have sold for 1.4% less than they did a month ago.

Summary: The median home sold price in Commerce was $690,000 in June 2024, down 1.4% from last month, and the median price per square foot was $546.

Median Sold Price By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 --
N/A
2 $50.7K$600K
+1081.6%
3 $715K-
N/A
4 $700K$780.5K
+11.5%
5+ --
N/A

Summary: Commerce housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1081.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes did not change.

Housing Supply in Commerce, CA

How many homes are available in Commerce, CA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
12120.0%

Summary: The Commerce real estate market had 12 homes for sale in June 2024, the same as May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 55
0.0%
3 45
+25.0%
4 32
-33.3%
5+ 00
0.0%

Summary: The Commerce housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Commerce, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Commerce in June 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Commerce, CA

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

Average Sale Time

May 2024Jun 2024CHANGE
10 Days72 Days+600.0%

Summary: Homes in Commerce had an average of 72 days on market in Jun 2024, up by 600% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Commerce are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 3 homes were sold in Commerce; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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

Newest Listings in Commerce, CA

Nearby Markets to Commerce, CA

What housing markets are near Commerce, CA?