Is Commerce, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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.
How much do homes in Commerce, CA cost?
Median Sold Price
$675,000
$646/sqft
Based on all homes sold in May 2023.
Difference Since Last Month
+$105,000(+18.4%)
Key Takeaway
Homes in Commerce have sold for 18.4% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | $490K | - | N/A |
| 2 Bedrooms | $510K | $650K | +27.5% |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $652.5K | $700K | +7.3% |
| 5+ Bedrooms | - | - | N/A |
How many homes are available in Commerce, CA?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 8 | 6 | -25.0% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Commerce, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
How long does it take to sell a home in Commerce, CA?
How long does it take to sell a home in Commerce, CA?
Average Sale Time
| Apr 2023 | May 2023 | % |
|---|---|---|
| 23 Days | 13 Days | -44.7% |
Breakdown of Home Sale Times
2 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 Commerce are selling fast, if you're buying plan to act quickly.
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.