Is Mid-City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Mid-City was a Seller's Market.
Key Takeaway
Mid-City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mid-City, CA
How much do homes in Mid-City, CA cost?
Median Sold Price
$1,168,250
$916/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Mid-City have sold for 27.5% less than they did a month ago.
Summary: The median home sold price in Mid-City was $1,168,250 in April 2024, down 27.5% from last month, and the median price per square foot was $916.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $715K | - | N/A |
| 2 Bedrooms | - | $1.1M | N/A |
| 3 Bedrooms | $1.3M | - | N/A |
| 4 Bedrooms | $1.8M | - | N/A |
| 5+ Bedrooms | $2.2M | - | N/A |
Summary: Mid-City housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Chelsea Green | $1.8M | $1.5M | -17.4% |
| Mid-City | $1.6M | $1.1M | -27.5% |
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 |
|---|---|---|
| 16 | 22 | +37.5% |
Summary: The Mid-City real estate market had 22 homes for sale in April 2024, a 37.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 8 | +100.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
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 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mid-City, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Mid-City in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 63 Days | 31 Days | -50.6% |
Summary: Homes in Mid-City had an average of 31 days on market in Apr 2024, down by 50.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mid-City are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Mid-City; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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.