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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hawthorne is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Hawthorne, CA

How much do homes in Hawthorne, CA cost?

Median Sold Price

$860,000

$643/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$39,000(-4.3%)

Key Takeaway

Homes in Hawthorne have sold for 4.3% less than they did a year ago.

Summary: The median home sold price in Hawthorne was $860,000 in February 2024, down 4.3% from last year, and the median price per square foot was $643.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $775K$840K
+8.4%
2 $899K$775K
-13.8%
3 $850K$842.5K
-0.9%
4 $955.5K$987.4K
+3.3%
5+ $1.3M$1.2M
-1.9%

Summary: Hawthorne housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes decreased by 13.8%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 1.9%.

Median Sold Price Compared To Nearby Cities

Gardena
-0.7%
South Bay Cities
-1.9%
Inglewood
-3.4%
Hawthorne
-4.3%

Housing Supply in Hawthorne, CA

How many homes are available in Hawthorne, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5351-3.8%

Summary: The Hawthorne real estate market had 51 homes for sale in February 2024, a 3.8% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 96
-33.3%
3 2930
+3.4%
4 1012
+20.0%
5+ 42
-50.0%

Summary: The Hawthorne 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 33.3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
14140.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hawthorne, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in Hawthorne in February 2024, the same as the previous month. Of the 14 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.

Days on Market for Hawthorne, CA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
52 Days30 Days-40.8%

Summary: Homes in Hawthorne had an average of 30 days on market in Feb 2024, down by 40.8% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 14 homes were sold in Hawthorne; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% 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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