Is Lynwood, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lynwood is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Lynwood has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Lynwood, CA

How much do homes in Lynwood, CA cost?

Median Sold Price

$680,000

$566/sqft

Based on all homes sold in January 2024.

Difference Since Last Month

-$20,000(-2.9%)

Key Takeaway

Homes in Lynwood have sold for 2.9% less than they did a month ago.

Summary: The median home sold price in Lynwood was $680,000 in January 2024, down 2.9% from last month, and the median price per square foot was $566.

Median Sold Price By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 --
N/A
2 $675K$568.5K
-15.8%
3 $700K$720K
+2.9%
4 $707.5K$695K
-1.8%
5+ --
N/A

Summary: Lynwood housing prices by bedroom type for January 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Paramount
+31.4%
South Gate
-2.8%
Lynwood
-2.9%

Housing Supply in Lynwood, CA

How many homes are available in Lynwood, CA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
2421-12.5%

Summary: The Lynwood real estate market had 21 homes for sale in January 2024, a 12.5% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 87
-12.5%
3 109
-10.0%
4 42
-50.0%
5+ 23
+50.0%

Summary: The Lynwood housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lynwood, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Lynwood in January 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.

Days on Market for Lynwood, CA

How long does it take to sell a home in Lynwood, CA?

Average Sale Time

Dec 2023Jan 2024CHANGE
33 Days30 Days-8.1%

Summary: Homes in Lynwood had an average of 30 days on market in Jan 2024, down by 8.1% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lynwood has remained consistent over time.

Summary: During January 2024, 7 homes were sold in Lynwood; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 20 Days Ago

Newest Listings in Lynwood, CA

Nearby Markets to Lynwood, CA

What housing markets are near Lynwood, CA?