Is Pico Rivera, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pico Rivera is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Pico Rivera has remained a Seller's Market.

Key Takeaway

Pico Rivera is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pico Rivera, CA

How much do homes in Pico Rivera, CA cost?

Median Sold Price

$690,000

$547/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$1,250(+0.2%)

Key Takeaway

The sold price of homes in Pico Rivera has remained the same since last year.

Summary: The median home sold price in Pico Rivera was $690,000 in March 2024, up 0.2% from last year, and the median price per square foot was $547.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$400.5K
N/A
2 $629.5K$627.5K
-0.3%
3 $685K$706.7K
+3.2%
4 $750K$750K
0.0%
5+ $725K$756K
+4.3%

Summary: Pico Rivera housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 4.3%.

Median Sold Price Compared To Nearby Cities

Santa Fe Springs
+5.7%
Southwest San Gabriel Valley
+2.9%
Whittier
+1.4%
Pico Rivera
0.2%
Montebello
-0.4%

Housing Supply in Pico Rivera, CA

How many homes are available in Pico Rivera, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3729-21.6%

Summary: The Pico Rivera real estate market had 29 homes for sale in March 2024, a 21.6% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 85
-37.5%
3 2217
-22.7%
4 66
0.0%
5+ 11
0.0%

Summary: The Pico Rivera housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 37.5%, 3 bedroom homes decreased by 22.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1311-15.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pico Rivera, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Pico Rivera in March 2024, down by 15.4% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.

Days on Market for Pico Rivera, CA

How long does it take to sell a home in Pico Rivera, CA?

Average Sale Time

Mar 2023Mar 2024CHANGE
29 Days31 Days+7.4%

Summary: Homes in Pico Rivera had an average of 31 days on market in Mar 2024, up by 7.4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pico Rivera are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 11 homes were sold in Pico Rivera; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 11 Days Ago

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