Is Rolling Hills Estates, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Rolling Hills Estates was a Seller's Market.
Key Takeaway
Rolling Hills Estates is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rolling Hills Estates, CA
How much do homes in Rolling Hills Estates, CA cost?
Median Sold Price
$1,660,000
$773/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Rolling Hills Estates have sold for 21% less than they did a year ago.
Summary: The median home sold price in Rolling Hills Estates was $1,660,000 in November 2023, down 21% from last year, and the median price per square foot was $773.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $581K | $500K | -13.9% |
| 2 Bedrooms | $1.1M | $880K | -20.0% |
| 3 Bedrooms | $1.4M | $1.5M | +3.8% |
| 4 Bedrooms | $2.6M | $2.0M | -22.9% |
| 5+ Bedrooms | $3.6M | $3.4M | -6.8% |
Summary: Rolling Hills Estates housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 13.9%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 22.9%, and 5+ bedroom homes decreased by 6.8%.
Median Sold Price Compared To Nearby Cities
| Rolling Hills | $3.9M | $4.4M | +13.4% |
| Lomita | $830K | $851K | +2.5% |
| Rancho Palos Verdes | $1.7M | $1.6M | -2.5% |
| Palos Verdes Peninsula | $2.6M | $2.4M | -7.7% |
| Rolling Hills Estates | $2.1M | $1.6M | -21.0% |
Housing Supply in Rolling Hills Estates, CA
How many homes are available in Rolling Hills Estates, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The Rolling Hills Estates real estate market had 23 homes for sale in November 2023, a 4.2% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Rolling Hills Estates housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rolling Hills Estates, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Rolling Hills Estates in November 2023, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Rolling Hills Estates, CA
How long does it take to sell a home in Rolling Hills Estates, CA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 14 Days | 56 Days | +296.9% |
Summary: Homes in Rolling Hills Estates had an average of 56 days on market in Nov 2023, up by 296.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rolling Hills Estates are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 3 homes were sold in Rolling Hills Estates; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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.