Is Gramercy Park, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Gramercy Park was a Seller's Market.
Housing Prices in Gramercy Park, CA
How much do homes in Gramercy Park, CA cost?
Median Sold Price
$730,000
$514/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gramercy Park was $730,000 in April 2024, up 0.3% from last year, and the median price per square foot was $514.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $360K | N/A |
2 Bedrooms | $697.5K | $650K | -6.8% |
3 Bedrooms | $751.2K | $762.5K | +1.5% |
4 Bedrooms | $869K | $770K | -11.4% |
5+ Bedrooms | $817K | - | N/A |
Summary: Gramercy Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Manchester Square | $740K | $748.7K | +1.2% |
Gramercy Park | $728K | $730K | 0.3% |
South LA | $677.9K | $675K | -0.4% |
Housing Supply in Gramercy Park, CA
How many homes are available in Gramercy Park, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 25 | -13.8% |
Summary: The Gramercy Park real estate market had 25 homes for sale in April 2024, a 13.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 4 | -42.9% |
3 Bedrooms | 16 | 14 | -12.5% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Gramercy Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 42.9%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 4 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Gramercy Park in April 2024, down by 60.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Gramercy Park, CA
How long does it take to sell a home in Gramercy Park, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 31 Days | +33.1% |
Summary: Homes in Gramercy Park had an average of 31 days on market in Apr 2024, up by 33.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Gramercy Park; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.