Is El Segundo, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, El Segundo has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $442.5K | $1.1M | +166.1% |
2 Bedrooms | $873K | $805K | -7.8% |
3 Bedrooms | $1.5M | $1.4M | -7.9% |
4 Bedrooms | $2.0M | $1.9M | -1.4% |
5+ Bedrooms | $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 | $992.9K | $976.3K | -1.7% |
South Bay Cities | $1.7M | $1.7M | -1.9% |
El Segundo | $1.5M | $1.5M | -2.4% |
Hawthorne | $899K | $860K | -4.3% |
Manhattan Beach | $3.1M | $2.8M | -9.3% |
Housing Supply in El Segundo, CA
How many homes are available in El Segundo, CA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
23 | 26 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 7 | 11 | +57.1% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 0 | 1 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
2 | 9 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
63 Days | 41 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
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.