Is El Segundo, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, El Segundo was a Seller's Market.
Housing Prices in El Segundo, CA
How much do homes in El Segundo, CA cost?
Median Sold Price
$1,650,000
$797/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in El Segundo was $1,650,000 in June 2024, up 13.6% from last year, and the median price per square foot was $797.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $421.2K | $1.1M | +179.5% |
2 Bedrooms | $864.5K | $819K | -5.3% |
3 Bedrooms | $1.4M | $1.4M | -3.1% |
4 Bedrooms | $2.0M | $1.9M | -4.5% |
5+ Bedrooms | $3.0M | $2.2M | -27.6% |
Summary: El Segundo housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 179.5%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 27.6%.
Median Sold Price Compared To Nearby Cities
El Segundo | $1.4M | $1.6M | +13.6% |
Los Angeles | $957.5K | $1.0M | +4.7% |
South Bay Cities | $1.7M | $1.7M | +2.6% |
Hawthorne | $853K | $875K | +2.6% |
Manhattan Beach | $3.0M | $2.8M | -6.1% |
Housing Supply in El Segundo, CA
How many homes are available in El Segundo, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
35 | 32 | -8.6% |
Summary: The El Segundo real estate market had 32 homes for sale in June 2024, a 8.6% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 12 | 12 | 0.0% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The El Segundo housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
11 | 3 | -72.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in El Segundo in June 2024, down by 72.7% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
22 Days | 29 Days | +29.6% |
Summary: Homes in El Segundo had an average of 29 days on market in Jun 2024, up by 29.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 3 homes were sold in El Segundo; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.