Is Gardena, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gardena is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Gardena, CA

How much do homes in Gardena, CA cost?

Median Sold Price

$778,500

$543/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$49,012(+6.7%)

Key Takeaway

Homes in Gardena have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Gardena was $778,500 in September 2024, up 6.7% from last year, and the median price per square foot was $543.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $380K$465.4K
+22.5%
2 $564.5K$640K
+13.4%
3 $745K$790K
+6.0%
4 $864K$832.5K
-3.6%
5+ $914.2K$1.1M
+23.0%

Summary: Gardena housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.5%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 23%.

Median Sold Price Compared To Nearby Cities

Gardena
+6.7%
Los Angeles
+4.9%
Hawthorne
+4.7%
Torrance
+1.2%

Housing Supply in Gardena, CA

How many homes are available in Gardena, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
100119+19.0%

Summary: The Gardena real estate market had 119 homes for sale in September 2024, a 19.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 22
0.0%
2 1625
+56.3%
3 5864
+10.3%
4 2019
-5.0%
5+ 49
+125.0%

Summary: The Gardena housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 56.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 125%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1938+100.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gardena, you could pay more than the asking price. 71.1% of homes here sold above asking price last month.

Summary: A total of 38 homes were sold or pending in Gardena in September 2024, up by 100.0% month-over-month. Of the 38 sold homes, 16% were sold under asking, 13% were sold at asking, and 71% were sold over asking.

Days on Market for Gardena, CA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
33 Days22 Days-31.4%

Summary: Homes in Gardena had an average of 22 days on market in Sep 2024, down by 31.4% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 38 homes were sold in Gardena; 71% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 3% 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 30 Days Ago

Newest Listings in Gardena, CA

Nearby Markets to Gardena, CA

What housing markets are near Gardena, CA?