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

Housing Market Conditions



Gauge showing Downey is a seller's market


Difference Since June 2023

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 in Downey, CA

How much do homes in Downey, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since June 2023


Key Takeaway

Homes in Downey have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Downey was $830,000 in June 2024, up 7.6% from last year, and the median price per square foot was $545.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $313.5K$425K
2 $642.5K$703K
3 $780K$830K
4 $905K$950K
5+ $1.3M$1.2M

Summary: Downey housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.6%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 5%.

Median Sold Price Compared To Nearby Cities


Housing Supply in Downey, CA

How many homes are available in Downey, CA?

Number of Homes For Sale

May 2024Jun 2024CHANGE

Summary: The Downey real estate market had 101 homes for sale in June 2024, a 1.0% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 32
2 128
3 4245
4 3030
5+ 1516

Summary: The Downey housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 6.7%.

Number of Homes Sold

May 2024Jun 2024CHANGE

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

11 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. 48.1% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Downey in June 2024, down by 12.9% month-over-month. Of the 27 sold homes, 48% were sold under asking, 11% were sold at asking, and 41% were sold over asking.

Days on Market for Downey, CA

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

Average Sale Time

Jun 2023Jun 2024CHANGE
34 Days23 Days-32.8%

Summary: Homes in Downey had an average of 23 days on market in Jun 2024, down by 32.8% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 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 June 2024, 27 homes were sold in Downey; 81% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 7% 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 Downey, CA

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