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 neutral's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

Santa Fe Springs is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Santa Fe Springs, CA

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

Median Sold Price

$735,000

$503/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$35,000(+5.0%)

Key Takeaway

Homes in Santa Fe Springs have sold for 5% more than they did a year ago.

Summary: The median home sold price in Santa Fe Springs was $735,000 in May 2024, up 5% from last year, and the median price per square foot was $503.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $605K$639K
+5.6%
3 $700K$733K
+4.7%
4 $735K$785K
+6.8%
5+ $830K$872.5K
+5.1%

Summary: Santa Fe Springs housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 5.1%.

Median Sold Price Compared To Nearby Cities

Downey-Norwalk
+5.9%
La Mirada
+5.8%
Santa Fe Springs
+5.0%
Whittier
+4.4%
Norwalk
+4.1%

Housing Supply in Santa Fe Springs, CA

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

Number of Homes For Sale

Apr 2024May 2024CHANGE
1921+10.5%

Summary: The Santa Fe Springs real estate market had 21 homes for sale in May 2024, a 10.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1414
0.0%
4 34
+33.3%
5+ 01
+100.0%

Summary: The Santa Fe Springs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Santa Fe Springs, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Santa Fe Springs in May 2024, down by 40.0% 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

May 2023May 2024CHANGE
34 Days15 Days-56.5%

Summary: Homes in Santa Fe Springs had an average of 15 days on market in May 2024, down by 56.5% 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 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.

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

Report Updated 19 Days Ago

Newest Listings in Santa Fe Springs, CA

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