Is Playa Vista, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Playa Vista has remained a Seller's Market.
Key Takeaway
Playa Vista is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Playa Vista, CA
How much do homes in Playa Vista, CA cost?
Median Sold Price
$1,360,000
$910/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Playa Vista have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Playa Vista was $1,360,000 in November 2023, up 0.7% from last year, and the median price per square foot was $910.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $750K | $835K | +11.3% |
| 2 Bedrooms | $1.0M | $1.1M | +4.9% |
| 3 Bedrooms | $1.6M | $1.6M | +1.8% |
| 4 Bedrooms | $2.3M | $2.0M | -11.9% |
| 5+ Bedrooms | $2.7M | $3.8M | +41.1% |
Summary: Playa Vista housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes increased by 41.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Del Rey | $1.2M | $1.3M | +1.7% |
| Playa Vista | $1.3M | $1.3M | +0.7% |
| Westchester | $1.4M | $1.4M | -0.9% |
| Fox Hills | $675K | $668K | -1.0% |
Housing Supply in Playa Vista, CA
How many homes are available in Playa Vista, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 34 | 32 | -5.9% |
Summary: The Playa Vista real estate market had 32 homes for sale in November 2023, a 5.9% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The Playa Vista housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Playa Vista, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Playa Vista in November 2023, down by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% were sold over asking.
Days on Market for Playa Vista, CA
How long does it take to sell a home in Playa Vista, CA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 29 Days | 19 Days | -33.1% |
Summary: Homes in Playa Vista had an average of 19 days on market in Nov 2023, down by 33.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Playa Vista are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 8 homes were sold in Playa Vista; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.