Is Milwood Trapezoid, 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, Milwood Trapezoid was a Buyer's Market.
Key Takeaway
Milwood Trapezoid is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Milwood Trapezoid, CA
How much do homes in Milwood Trapezoid, CA cost?
Median Sold Price
$2,737,500
$1,425/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Milwood Trapezoid have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in Milwood Trapezoid was $2,737,500 in April 2024, up 13.4% from last year, and the median price per square foot was $1,425.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.2M | - | N/A |
| 2 Bedrooms | $2.1M | $1.9M | -5.3% |
| 3 Bedrooms | $2.4M | $2.9M | +22.2% |
| 4 Bedrooms | $3.2M | $3.4M | +6.0% |
| 5+ Bedrooms | $4.9M | $4.2M | -13.7% |
Summary: Milwood Trapezoid 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 5.3%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 13.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Milwood Trapezoid | $2.4M | $2.7M | +13.4% |
| East of Lincoln | $2.1M | $2.4M | +10.9% |
| Venice | $1.9M | $1.9M | +2.1% |
| Oakwood Pentagon | $1.8M | $1.8M | -0.8% |
| President's Row | $1.9M | $1.9M | -0.9% |
Housing Supply in Milwood Trapezoid, CA
How many homes are available in Milwood Trapezoid, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 20 | +33.3% |
Summary: The Milwood Trapezoid real estate market had 20 homes for sale in April 2024, a 33.3% 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 | 3 | 5 | +66.7% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Milwood Trapezoid 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milwood Trapezoid, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Milwood Trapezoid in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Milwood Trapezoid, CA
How long does it take to sell a home in Milwood Trapezoid, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 133 Days | +157.1% |
Summary: Homes in Milwood Trapezoid had an average of 133 days on market in Apr 2024, up by 157.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Milwood Trapezoid are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 3 homes were sold in Milwood Trapezoid; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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.