Is El Segundo, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing El Segundo is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in El Segundo, CA

How much do homes in El Segundo, CA cost?

Median Sold Price

$1,527,500

$792/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$37,500(-2.4%)

Key Takeaway

Homes in El Segundo have sold for 2.4% less than they did a year ago.

Summary: The median home sold price in El Segundo was $1,527,500 in February 2024, down 2.4% from last year, and the median price per square foot was $792.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $442.5K$1.1M
+166.1%
2 $873K$805K
-7.8%
3 $1.5M$1.4M
-7.9%
4 $2.0M$1.9M
-1.4%
5+ $2.4M$2.2M
-7.3%

Summary: El Segundo housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 166.1%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 7.3%.

Median Sold Price Compared To Nearby Cities

Los Angeles
-1.7%
South Bay Cities
-1.9%
El Segundo
-2.4%
Hawthorne
-4.3%
Manhattan Beach
-9.3%

Housing Supply in El Segundo, CA

How many homes are available in El Segundo, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2326+13.0%

Summary: The El Segundo real estate market had 26 homes for sale in February 2024, a 13.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 711
+57.1%
4 1110
-9.1%
5+ 01
+100.0%

Summary: The El Segundo housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 57.1%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
29+350.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in El Segundo, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in El Segundo in February 2024, up by 350.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 0% were sold at asking, and 44% were sold over asking.

Days on Market for El Segundo, CA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
63 Days41 Days-35.6%

Summary: Homes in El Segundo had an average of 41 days on market in Feb 2024, down by 35.6% compared to last year.

Breakdown of Home Sale Times

3 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

Avg time on Rocket Homes in El Segundo has remained consistent over time.

Summary: During February 2024, 9 homes were sold in El Segundo; 33% of homes were sold within 30 days, 67% 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 4 Days Ago

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