Is Santa Fe Springs, 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, Santa Fe Springs has remained a Seller's Market.
Housing Prices in Santa Fe Springs, CA
How much do homes in Santa Fe Springs, CA cost?
Median Sold Price
$750,000
$503/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Santa Fe Springs was $750,000 in June 2024, up 7.1% from last year, and the median price per square foot was $503.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $605K | $598K | -1.2% |
3 Bedrooms | $700K | $740K | +5.7% |
4 Bedrooms | $727.5K | $790K | +8.6% |
5+ Bedrooms | $837.5K | $900K | +7.5% |
Summary: Santa Fe Springs 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 decreased by 1.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Cities
Santa Fe Springs | $700K | $750K | +7.1% |
La Mirada | $800K | $850K | +6.3% |
Whittier | $750K | $796.8K | +6.2% |
Downey-Norwalk | $715.4K | $760K | +6.2% |
Norwalk | $669.3K | $710K | +6.1% |
Housing Supply in Santa Fe Springs, CA
How many homes are available in Santa Fe Springs, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
22 | 22 | 0.0% |
Summary: The Santa Fe Springs real estate market had 22 homes for sale in June 2024, the same as May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 14 | 12 | -14.3% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Santa Fe Springs 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 remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Santa Fe Springs in June 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Santa Fe Springs, CA
How long does it take to sell a home in Santa Fe Springs, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
6 Days | 23 Days | +274.2% |
Summary: Homes in Santa Fe Springs had an average of 23 days on market in Jun 2024, up by 274.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 5 homes were sold in Santa Fe Springs; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.