Is Park West, 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, Park West has remained a Seller's Market.
Housing Prices in Park West, CA
How much do homes in Park West, CA cost?
Median Sold Price
$1,210,000
$792/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Park West was $1,210,000 in April 2024, up 23.5% from last year, and the median price per square foot was $792.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $585.5K | $650K | +11.0% |
2 Bedrooms | $980K | $1.1M | +15.8% |
3 Bedrooms | $1.4M | $2.1M | +43.6% |
4 Bedrooms | $1.5M | $3.2M | +111.7% |
5+ Bedrooms | $4.0M | $2.0M | -50.5% |
Summary: Park West housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 43.6%, 4 bedroom homes increased by 111.7%, and 5+ bedroom homes decreased by 50.5%.
Housing Supply in Park West, CA
How many homes are available in Park West, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 24 | -14.3% |
Summary: The Park West real estate market had 24 homes for sale in April 2024, a 14.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 15 | 12 | -20.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Park West 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 20%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Park West in April 2024, down by 11.1% month-over-month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% were sold over asking.
Days on Market for Park West, CA
How long does it take to sell a home in Park West, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 22 Days | -9.3% |
Summary: Homes in Park West had an average of 22 days on market in Apr 2024, down by 9.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Park West; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.