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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Downey is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Downey has remained a Seller's Market.

Key Takeaway

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

How much do homes in Downey, CA cost?

Median Sold Price

$785,975

$527/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$75,975(+10.7%)

Key Takeaway

Homes in Downey have sold for 10.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $252K$294K
+16.7%
2 $563.2K$650K
+15.4%
3 $705.8K$790K
+11.9%
4 $864.5K$899.9K
+4.1%
5+ $1.0M$1.2M
+21.2%

Median Sold Price Compared To Nearby Cities

Paramount
+20.7%
Downey-Norwalk
+12.0%
Downey
+10.7%

How many homes are available in Downey, CA?

Number of Homes For Sale

Sep 2022Oct 2022%
121114-5.8%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 10
-100.0%
2 2123
+9.5%
3 6454
-15.6%
4 3032
+6.7%
5+ 55
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
3335+6.1%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Downey, you may be able to get a good deal. 45.7% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
19 Days28 Days+48.7%

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Downey, CA

Downey, CA has 114 homes on the market. Between September 2022 and October 2022, Downey, CA real estate market has seen decrease in the number of listings by 5.8%. In October 2022 median list price was $785,975 and the average listing age was 28 days. Real estate listing prices changed between September 2022 and October 2022: 1 bedroom properties prices increased by 16.7%, 2 bedrooms properties became 15.4% more expensive, prices of 3 bedrooms properties increased by 11.9%, the cost of 4 bedrooms properties went up by 4.1%, 5 bedrooms properties prices increased by 21.2%. Housing inventory have changed in this real estate market: 1 bedroom homes became 100% less available, number of 2 bedrooms homes increased by 9.5%, 3 bedrooms homes became 15.6% less available, 4 bedrooms homes inventory increased by 6.7%, volume of 5 bedrooms homes stayed the same. Over 12 listings were sold over their listed price in October 2022 in Downey, CA. In the same period over 16 listings were sold below the listed price and 7 listings were sold for the listed price.

Related Housing Market Reports