Is La Palma, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | Jul 2021 | Jul 2022 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $475K | $569.4K | +19.9% |
| 3 Bedrooms | $766K | $885K | +15.5% |
| 4 Bedrooms | $922.5K | $1.0M | +13.8% |
| 5+ Bedrooms | $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 2022 | Jul 2022 | % |
|---|---|---|
| 18 | 21 | +16.7% |
Homes For Sale By Bedroom Count
| # BEDS | Jun 2022 | Jul 2022 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 9 | 8 | -11.1%  |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Number of Homes Sold
| Jun 2022 | Jul 2022 | % |
|---|---|---|
| 6 | 4 | -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
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 2021 | Jul 2022 | % |
|---|---|---|
| 6 Days | 10 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
Key Takeaway
Many homes in La Palma are selling fast, if you're buying plan to act quickly.
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.