Is Santa Fe Springs, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Santa Fe Springs is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Santa Fe Springs was a Seller's Market.

Key Takeaway

Santa Fe Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Santa Fe Springs, CA cost?

Median Sold Price

$710,000

$511/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$90,000(+14.5%)

Key Takeaway

Homes in Santa Fe Springs have sold for 14.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $562.5K$612.5K
+8.9%
3 $625K$717.5K
+14.8%
4 $647.5K$747.5K
+15.4%
5+ -$670K
N/A

Median Sold Price Compared To Nearby Cities

Santa Fe Springs
+14.5%
Norwalk
+11.2%
La Mirada
+10.8%
Downey-Norwalk
+10.6%
Whittier
+10.0%

How many homes are available in Santa Fe Springs, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
2215-31.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 32
-33.3%
3 128
-33.3%
4 75
-28.6%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
112-81.8%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Santa Fe Springs, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
18 Days40 Days+119.8%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Santa Fe Springs are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Santa Fe Springs, CA

Santa Fe Springs, CA has 15 homes for sale to choose from. Between October 2022 and November 2022, Santa Fe Springs, CA real estate market has seen decrease in the number of listings by 31.8%. The median list price of listings available in November 2022 was $710,000, while the average time on the real estate market was 40 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 8.9% more expensive, 3 bedrooms properties prices increased by 14.8%, 4 bedrooms properties became 15.4% more expensive, prices of 5 bedrooms properties increased by 0%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes decreased by 33.3%, 3 bedrooms homes became 33.3% less available, 4 bedrooms homes inventory decreased by 28.6%, 5 bedrooms homes inventory did not change. In November 2022 more than 1 listings in Santa Fe Springs, CA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.

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