Is Mid-Wilshire, 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-Wilshire was a Seller's Market.
Key Takeaway
Mid-Wilshire is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mid-Wilshire, CA
How much do homes in Mid-Wilshire, CA cost?
Median Sold Price
$1,550,000
$659/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mid-Wilshire have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Mid-Wilshire was $1,550,000 in April 2024, down 3.1% from last year, and the median price per square foot was $659.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $525K | $537K | +2.3% |
| 2 Bedrooms | $865K | $959K | +10.9% |
| 3 Bedrooms | $1.5M | $1.4M | -6.2% |
| 4 Bedrooms | $2.0M | $1.7M | -15.8% |
| 5+ Bedrooms | $2.0M | $1.9M | -3.1% |
Summary: Mid-Wilshire housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 10.9%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Miracle Mile | $1.6M | $1.6M | 0.5% |
| Mid-Wilshire | $1.5M | $1.5M | -3.1% |
Housing Supply in Mid-Wilshire, CA
How many homes are available in Mid-Wilshire, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 57 | 73 | +28.1% |
Summary: The Mid-Wilshire real estate market had 73 homes for sale in April 2024, a 28.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 14 | +55.6% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 20 | 27 | +35.0% |
Summary: The Mid-Wilshire 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 55.6%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 35%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mid-Wilshire, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Mid-Wilshire in April 2024, down by 11.1% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Mid-Wilshire, CA
How long does it take to sell a home in Mid-Wilshire, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 39 Days | +32.0% |
Summary: Homes in Mid-Wilshire had an average of 39 days on market in Apr 2024, up by 32% compared to last year.
Breakdown of Home Sale Times
5 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 Mid-Wilshire are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Mid-Wilshire; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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.