Is Larchmont, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Larchmont has remained a Seller's Market.
Key Takeaway
Larchmont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Larchmont, CA
How much do homes in Larchmont, CA cost?
Median Sold Price
$1,753,000
$821/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Larchmont have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in Larchmont was $1,753,000 in April 2024, up 12.2% from last year, and the median price per square foot was $821.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $831.2K | $875K | +5.3% |
| 3 Bedrooms | $1.4M | $1.8M | +30.8% |
| 4 Bedrooms | $2.1M | $1.7M | -17.5% |
| 5+ Bedrooms | $2.2M | $1.9M | -10.9% |
Summary: Larchmont housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 30.8%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes decreased by 10.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Larchmont | $1.5M | $1.7M | +12.2% |
| Larchmont Heights | $1.9M | $1.9M | +0.7% |
Housing Supply in Larchmont, CA
How many homes are available in Larchmont, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 27 | +50.0% |
Summary: The Larchmont real estate market had 27 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Larchmont housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Larchmont, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Larchmont in April 2024, up by 250.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Larchmont, CA
How long does it take to sell a home in Larchmont, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 13 Days | 42 Days | +229.7% |
Summary: Homes in Larchmont had an average of 42 days on market in Apr 2024, up by 229.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Larchmont are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Larchmont; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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.