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 buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Pico Rivera was a Seller's Market.

Key Takeaway

Pico Rivera is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Pico Rivera, CA cost?

Median Sold Price

$690,000

$525/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$90,000(+15.0%)

Key Takeaway

Homes in Pico Rivera have sold for 15% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $547.5K$640K
+16.9%
3 $605K$690K
+14.0%
4 $650K$750K
+15.4%
5+ $800K$820K
+2.5%

Median Sold Price Compared To Nearby Cities

Montebello
+15.5%
Pico Rivera
+15.0%
Santa Fe Springs
+14.5%
Southwest San Gabriel Valley
+12.8%
Whittier
+10.0%

How many homes are available in Pico Rivera, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
5453-1.9%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 1113
+18.2%
3 3028
-6.7%
4 1210
-16.7%
5+ 12
+100.0%

Number of Homes Sold

Oct 2022Nov 2022%
137-46.2%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 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. 57.1% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
10 Days27 Days+163.7%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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.

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

About Pico Rivera, CA

There are 53 homes are for sale in Pico Rivera, CA real estate market. The number of listings in Pico Rivera, CA decreased by 1.9% between October 2022 and November 2022. While the average time on the market in November 2022 was 27 days, the median list price was $690,000. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 16.9%, 3 bedrooms properties became 14% more expensive, prices of 4 bedrooms properties increased by 15.4%, 5 bedrooms properties prices increased by 2.5%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory increased by 18.2%, the quantity of 3 bedrooms homes went down by 6.7%, number of 4 bedrooms homes decreased by 16.7%, number of 5 bedrooms homes increased by 100%. While more than 4 listings in Pico Rivera, CA in November 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 2 were sold below.

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