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

Housing Market Conditions



Gauge showing Downey is a seller's market


Difference Since August 2022

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.

Housing Prices

How much do homes in Downey, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

The sold price of homes in Downey has remained the same since last year.

Summary: The median home sold price in Downey was $776,750 in August 2023, down 0.4% from last year, and the median price per square foot was $515.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $297K$384.5K
2 $655K$647.4K
3 $782.5K$780K
4 $900K$922.5K
5+ $1.1M$1.3M

Summary: Downey housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 29.5%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 16.1%.

Median Sold Price Compared To Nearby Cities


Housing Supply

How many homes are available in Downey, CA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Downey real estate market had 111 homes for sale in August 2023, a 5.1% decrease compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 65
2 1413
3 6055
4 2829
5+ 99

Summary: The Downey housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Downey, you could pay more than the asking price. 48.7% of homes here sold above asking price last month.

Summary: A total of 39 homes were sold or pending in Downey in August 2023, up by 21.9% month-over-month. Of the 39 sold homes, 36% were sold under asking, 15% were sold at asking, and 49% were sold over asking.

Days on Market

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

Average Sale Time

Aug 2022Aug 2023CHANGE
23 Days17 Days-22.6%

Summary: Homes in Downey had an average of 17 days on market in Aug 2023, down by 22.6% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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.

Summary: During August 2023, 39 homes were sold in Downey; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% 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 29 Days Ago

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Nearby Markets

What housing markets are near Downey, CA?