Is Midtown, 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, Midtown has remained a Seller's Market.
Housing Prices in Midtown, CA
How much do homes in Midtown, CA cost?
Median Sold Price
$2,955,000
$1,758/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Midtown was $2,955,000 in April 2024, up 0.2% from last year, and the median price per square foot was $1,758.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $935.2K | - | N/A |
2 Bedrooms | $1.8M | $1.0M | -43.2% |
3 Bedrooms | $2.7M | $2.7M | +2.0% |
4 Bedrooms | $3.3M | $3.2M | -3.8% |
5+ Bedrooms | $5.9M | $3.9M | -32.7% |
Summary: Midtown 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 decreased by 43.2%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 32.7%.
Housing Supply in Midtown, CA
How many homes are available in Midtown, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 16 | -15.8% |
Summary: The Midtown real estate market had 16 homes for sale in April 2024, a 15.8% decrease 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 | 3 | 0 | -100.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Midtown 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Midtown in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Midtown, CA
How long does it take to sell a home in Midtown, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 17 Days | -28.4% |
Summary: Homes in Midtown had an average of 17 days on market in Apr 2024, down by 28.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Midtown; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.