Is Downtown, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Downtown was a Seller's Market.
Housing Prices in Downtown, CA
How much do homes in Downtown, CA cost?
Median Sold Price
$628,333
$652/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Downtown was $628,333 in April 2024, down 2.1% from last year, and the median price per square foot was $652.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $552K | $542.5K | -1.7% |
2 Bedrooms | $805K | $835K | +3.7% |
3 Bedrooms | $1.2M | $1.2M | -5.2% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Downtown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes increased by 3.7%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Downtown | $641.6K | $628.3K | -2.1% |
Historic Core | $512.5K | $500K | -2.4% |
Housing Supply in Downtown, CA
How many homes are available in Downtown, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
217 | 246 | +13.4% |
Summary: The Downtown real estate market had 246 homes for sale in April 2024, a 13.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 135 | 155 | +14.8% |
2 Bedrooms | 72 | 81 | +12.5% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Downtown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 19 | +5.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Downtown in April 2024, up by 5.6% month-over-month. Of the 19 sold homes, 74% were sold under asking, 16% were sold at asking, and 11% were sold over asking.
Days on Market for Downtown, CA
How long does it take to sell a home in Downtown, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
73 Days | 56 Days | -22.5% |
Summary: Homes in Downtown had an average of 56 days on market in Apr 2024, down by 22.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Downtown; 32% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.