Is La Palma, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Palma is a seller's market

Buyer's
Market

Difference Since July 2021

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

Key Takeaway

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

How much do homes in La Palma, CA cost?

Median Sold Price

$970,000

$512/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$128,000(+15.2%)

Key Takeaway

Homes in La Palma have sold for 15.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 --
N/A
2 $475K$569.4K
+19.9%
3 $766K$885K
+15.5%
4 $922.5K$1.0M
+13.8%
5+ $926.5K$1.1M
+21.4%

Median Sold Price Compared To Nearby Cities

Buena Park
+16.1%
La Palma
+15.2%
Lakewood
+13.5%
Cypress
+12.7%
Cerritos
+12.4%

How many homes are available in La Palma, CA?

Number of Homes For Sale

Jun 2022Jul 2022%
1821+16.7%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 00
0.0%
2 24
+100.0%
3 98
-11.1%
4 68
+33.3%
5+ 11
0.0%

Number of Homes Sold

Jun 2022Jul 2022%
64-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Palma, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Jul 2021Jul 2022%
6 Days10 Days+47.1%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About La Palma, CA

La Palma, CA has 21 homes on the market. The inventory of homes for sale in La Palma, CA between June 2022 and July 2022 increased by 16.7%. The median list price of listings available in July 2022 was $970,000, while the average time on the real estate market was 10 days. This housing market listing prices have changed between June 2022 and July 2022: 1 bedroom properties became 0% more expensive, 2 bedrooms properties prices increased by 19.9%, the cost of 3 bedrooms properties went up by 15.5%, the cost of 4 bedrooms properties went up by 13.8%, prices of 5 bedrooms properties went up by 21.4%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went up by 100%, number of 3 bedrooms homes decreased by 11.1%, volume of 4 bedrooms homes went up by 33.3%, 5 bedrooms homes did not move. In July 2022 more than 2 listings in La Palma, CA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 2 were sold below.

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