Is Hawthorne, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Hawthorne has remained a Seller's Market.
Housing Prices in Hawthorne, CA
How much do homes in Hawthorne, CA cost?
Median Sold Price
$865,000
$644/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hawthorne was $865,000 in March 2024, down 2.8% from last year, and the median price per square foot was $644.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $775K | $840K | +8.4% |
2 Bedrooms | $850K | $782.5K | -7.9% |
3 Bedrooms | $850K | $850K | 0.0% |
4 Bedrooms | $983K | $999.9K | +1.7% |
5+ Bedrooms | $1.2M | $1.3M | +10.0% |
Summary: Hawthorne housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
Lawndale | $765K | $825K | +7.8% |
Gardena | $740K | $750K | +1.4% |
South Bay Cities | $1.7M | $1.7M | -1.3% |
Hawthorne | $890K | $865K | -2.8% |
Inglewood | $738.3K | $705.9K | -4.4% |
Housing Supply in Hawthorne, CA
How many homes are available in Hawthorne, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
61 | 61 | 0.0% |
Summary: The Hawthorne real estate market had 61 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 5 | -37.5% |
3 Bedrooms | 34 | 37 | +8.8% |
4 Bedrooms | 14 | 13 | -7.1% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Hawthorne housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 37.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 14 | -6.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Hawthorne in March 2024, down by 6.7% month-over-month. Of the 14 sold homes, 29% were sold under asking, 21% were sold at asking, and 50% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 34 Days | -4.0% |
Summary: Homes in Hawthorne had an average of 34 days on market in Mar 2024, down by 4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in Hawthorne; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.