Is Compton, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Compton has remained a Seller's Market.
Housing Prices in Compton, CA
How much do homes in Compton, CA cost?
Median Sold Price
$599,000
$520/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Compton was $599,000 in March 2024, up 2.4% from last year, and the median price per square foot was $520.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $450K | $390K | -13.3% |
2 Bedrooms | $540K | $549.9K | +1.8% |
3 Bedrooms | $605K | $611.2K | +1.0% |
4 Bedrooms | $665K | $657.5K | -1.1% |
5+ Bedrooms | $704.5K | $800K | +13.6% |
Summary: Compton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Cities
Downey-Norwalk | $725K | $750K | +3.4% |
Carson | $725K | $743K | +2.5% |
Compton | $585K | $599K | +2.4% |
Housing Supply in Compton, CA
How many homes are available in Compton, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
137 | 145 | +5.8% |
Summary: The Compton real estate market had 145 homes for sale in March 2024, a 5.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 47 | 44 | -6.4% |
3 Bedrooms | 60 | 72 | +20.0% |
4 Bedrooms | 18 | 16 | -11.1% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Compton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 38 | +58.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Compton in March 2024, up by 58.3% month-over-month. Of the 38 sold homes, 32% were sold under asking, 11% were sold at asking, and 58% were sold over asking.
Days on Market for Compton, CA
How long does it take to sell a home in Compton, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 44 Days | +38.4% |
Summary: Homes in Compton had an average of 44 days on market in Mar 2024, up by 38.4% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 38 homes were sold in Compton; 68% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.