Is Mid-City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Mid-City was a Seller's Market.
Housing Prices in Mid-City, CA
How much do homes in Mid-City, CA cost?
Median Sold Price
$1,299,000
$747/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mid-City was $1,299,000 in April 2024, down 4.1% from last year, and the median price per square foot was $747.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.1M | $420K | -64.4% |
2 Bedrooms | $1.0M | $1.0M | -2.8% |
3 Bedrooms | $1.3M | $1.3M | -4.8% |
4 Bedrooms | $1.5M | $1.3M | -16.8% |
5+ Bedrooms | $1.6M | $1.8M | +9.9% |
Summary: Mid-City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.4%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 16.8%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Neighborhoods
Mid-City | $1.3M | $1.2M | -4.1% |
Faircrest Heights | $1.5M | $1.3M | -10.8% |
Housing Supply in Mid-City, CA
How many homes are available in Mid-City, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
85 | 103 | +21.2% |
Summary: The Mid-City real estate market had 103 homes for sale in April 2024, a 21.2% 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 | 9 | 12 | +33.3% |
3 Bedrooms | 27 | 30 | +11.1% |
4 Bedrooms | 19 | 22 | +15.8% |
5+ Bedrooms | 30 | 39 | +30.0% |
Summary: The Mid-City 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 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 17 | +13.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Mid-City in April 2024, up by 13.3% month-over-month. Of the 17 sold homes, 53% were sold under asking, 6% were sold at asking, and 41% were sold over asking.
Days on Market for Mid-City, CA
How long does it take to sell a home in Mid-City, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
57 Days | 17 Days | -69.1% |
Summary: Homes in Mid-City had an average of 17 days on market in Apr 2024, down by 69.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Mid-City; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.