Is Pico Rivera, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$710,000
$567/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Pico Rivera was $710,000 in June 2024, up 5.2% from last year, and the median price per square foot was $567.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $415.2K | N/A |
2 Bedrooms | $628K | $645K | +2.7% |
3 Bedrooms | $677.5K | $720K | +6.3% |
4 Bedrooms | $745K | $750K | +0.7% |
5+ Bedrooms | $740K | $776K | +4.9% |
Summary: Pico Rivera housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
Southwest San Gabriel Valley | $812.5K | $880K | +8.3% |
Santa Fe Springs | $700K | $750K | +7.1% |
Whittier | $750K | $796.8K | +6.2% |
Pico Rivera | $675K | $710K | +5.2% |
Montebello | $725K | $750K | +3.4% |
Housing Supply in Pico Rivera, CA
How many homes are available in Pico Rivera, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
63 | 62 | -1.6% |
Summary: The Pico Rivera real estate market had 62 homes for sale in June 2024, a 1.6% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 16 | +23.1% |
3 Bedrooms | 35 | 32 | -8.6% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Pico Rivera housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.1%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
17 | 24 | +41.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Pico Rivera in June 2024, up by 41.2% month-over-month. Of the 24 sold homes, 13% were sold under asking, 8% were sold at asking, and 79% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
34 Days | 22 Days | -34.8% |
Summary: Homes in Pico Rivera had an average of 22 days on market in Jun 2024, down by 34.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 24 homes were sold in Pico Rivera; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.