Is Pico Rivera, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Pico Rivera has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $400.5K | N/A |
2 Bedrooms | $629.5K | $627.5K | -0.3% |
3 Bedrooms | $685K | $706.7K | +3.2% |
4 Bedrooms | $750K | $750K | 0.0% |
5+ Bedrooms | $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 | $700K | $740K | +5.7% |
Southwest San Gabriel Valley | $825.7K | $850K | +2.9% |
Whittier | $764.3K | $775.2K | +1.4% |
Pico Rivera | $688.7K | $690K | 0.2% |
Montebello | $734.6K | $732K | -0.4% |
Housing Supply in Pico Rivera, CA
How many homes are available in Pico Rivera, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 29 | -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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 5 | -37.5% |
3 Bedrooms | 22 | 17 | -22.7% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 1 | 1 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 11 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 31 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
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.