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 March 2023
At the same time last year, Santa Fe Springs was a Seller's Market.
Housing Prices in Santa Fe Springs, CA
How much do homes in Santa Fe Springs, CA cost?
Median Sold Price
$740,000
$470/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Santa Fe Springs was $740,000 in March 2024, up 5.7% from last year, and the median price per square foot was $470.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $605K | $593.5K | -1.9% |
3 Bedrooms | $701K | $730K | +4.1% |
4 Bedrooms | $754K | $777K | +3.1% |
5+ Bedrooms | $909.9K | $845K | -7.1% |
Summary: Santa Fe Springs housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 7.1%.
Median Sold Price Compared To Nearby Cities
Santa Fe Springs | $700K | $740K | +5.7% |
Downey-Norwalk | $725K | $750K | +3.4% |
Norwalk | $675K | $695K | +3.0% |
La Mirada | $810K | $830K | +2.5% |
Whittier | $764.3K | $775.2K | +1.4% |
Housing Supply in Santa Fe Springs, CA
How many homes are available in Santa Fe Springs, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 18 | 0.0% |
Summary: The Santa Fe Springs real estate market had 18 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 3 | -40.0% |
3 Bedrooms | 8 | 12 | +50.0% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Santa Fe Springs housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 3 | -62.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Santa Fe Springs in March 2024, down by 62.5% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 1 Day | -96.4% |
Summary: Homes in Santa Fe Springs had an average of 1 days on market in Mar 2024, down by 96.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Santa Fe Springs; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.