Is Eagle Rock, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eagle Rock is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Eagle Rock, CA

How much do homes in Eagle Rock, CA cost?

Median Sold Price

$1,336,000

$894/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$86,000(+6.9%)

Key Takeaway

Homes in Eagle Rock have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Eagle Rock was $1,336,000 in November 2024, up 6.9% from last year, and the median price per square foot was $894.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $619K$675K
+9.0%
2 $1.2M$1.0M
-8.7%
3 $1.2M$1.3M
+6.3%
4 $1.6M$1.6M
-1.8%
5+ $1.6M$2.7M
+63.7%

Summary: Eagle Rock housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 63.7%.

Median Sold Price Compared To Nearby Neighborhoods

Highland Park
+9.1%
Eagle Rock
+6.9%
Northeast LA
+3.2%

Housing Supply in Eagle Rock, CA

How many homes are available in Eagle Rock, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6163+3.3%

Summary: The Eagle Rock real estate market had 63 homes for sale in November 2024, a 3.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1114
+27.3%
3 2823
-17.9%
4 1313
0.0%
5+ 913
+44.4%

Summary: The Eagle Rock housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 44.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1618+12.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Eagle Rock, you could pay more than the asking price. 77.8% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in Eagle Rock in November 2024, up by 12.5% month-over-month. Of the 18 sold homes, 11% were sold under asking, 11% were sold at asking, and 78% were sold over asking.

Days on Market for Eagle Rock, CA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
25 Days18 Days-24.8%

Summary: Homes in Eagle Rock had an average of 18 days on market in Nov 2024, down by 24.8% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 18 homes were sold in Eagle Rock; 78% of homes were sold within 30 days, 22% 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 2 Days Ago

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