Is Playa del Rey, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Playa del Rey was a Seller's Market.
Housing Prices in Playa del Rey, CA
How much do homes in Playa del Rey, CA cost?
Median Sold Price
$918,000
$750/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Playa del Rey was $918,000 in April 2024, up 3.7% from last year, and the median price per square foot was $750.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $610K | $615K | +0.8% |
2 Bedrooms | $830K | $875K | +5.4% |
3 Bedrooms | $1.5M | $1.5M | 0.5% |
4 Bedrooms | $2.3M | $2.4M | +1.9% |
5+ Bedrooms | $2.6M | $2.8M | +9.5% |
Summary: Playa del Rey housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Neighborhoods
Playa del Rey | $885K | $918K | +3.7% |
Venice | $1.9M | $1.9M | +2.1% |
Westchester | $1.4M | $1.4M | -0.3% |
Marina Del Rey | $660K | $630K | -4.5% |
Playa Vista | $1.4M | $1.3M | -5.5% |
Housing Supply in Playa del Rey, CA
How many homes are available in Playa del Rey, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 48 | +20.0% |
Summary: The Playa del Rey real estate market had 48 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 13 | +62.5% |
2 Bedrooms | 16 | 16 | 0.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Playa del Rey housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 62.5%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 7 | -46.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Playa del Rey in April 2024, down by 46.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Playa del Rey, CA
How long does it take to sell a home in Playa del Rey, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 42 Days | +98.9% |
Summary: Homes in Playa del Rey had an average of 42 days on market in Apr 2024, up by 98.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Playa del Rey; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.