Is Inglewood, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Inglewood was a Seller's Market.
Key Takeaway
Inglewood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Inglewood, CA
How much do homes in Inglewood, CA cost?
Median Sold Price
$710,000
$516/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Inglewood have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Inglewood was $710,000 in November 2023, down 1.8% from last year, and the median price per square foot was $516.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $394.5K | $371K | -6.0% |
| 2 Bedrooms | $600K | $577.5K | -3.8% |
| 3 Bedrooms | $809.2K | $785K | -3.0% |
| 4 Bedrooms | $1.0M | $987.4K | -2.6% |
| 5+ Bedrooms | $1.1M | $1.3M | +19.6% |
Summary: Inglewood housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 6%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 19.6%.
Median Sold Price Compared To Nearby Cities
| Inglewood | $723.3K | $710K | -1.8% |
| Los Angeles | $989.6K | $970.1K | -2.0% |
| Hawthorne | $890K | $851.5K | -4.3% |
Housing Supply in Inglewood, CA
How many homes are available in Inglewood, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 141 | 141 | 0.0% |
Summary: The Inglewood real estate market had 141 homes for sale in November 2023, the same as October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 47 | 49 | +4.3% |
| 3 Bedrooms | 55 | 54 | -1.8% |
| 4 Bedrooms | 18 | 20 | +11.1% |
| 5+ Bedrooms | 18 | 16 | -11.1% |
Summary: The Inglewood housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 24 | 17 | -29.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Inglewood, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Inglewood in November 2023, down by 29.2% month-over-month. Of the 17 sold homes, 71% were sold under asking, 12% were sold at asking, and 18% were sold over asking.
Days on Market for Inglewood, CA
How long does it take to sell a home in Inglewood, CA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 33 Days | 39 Days | +17.6% |
Summary: Homes in Inglewood had an average of 39 days on market in Nov 2023, up by 17.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Inglewood has remained consistent over time.
Summary: During November 2023, 17 homes were sold in Inglewood; 41% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.