Is Sawtelle, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Sawtelle has remained a Seller's Market.
Housing Prices in Sawtelle, CA
How much do homes in Sawtelle, CA cost?
Median Sold Price
$1,241,000
$749/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sawtelle was $1,241,000 in May 2024, down 2.7% from last year, and the median price per square foot was $749.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $604K | $610K | +1.0% |
2 Bedrooms | $1.0M | $1.0M | -7.7% |
3 Bedrooms | $1.3M | $1.3M | -1.0% |
4 Bedrooms | $2.0M | $1.9M | -6.2% |
5+ Bedrooms | $3.0M | $2.3M | -21.0% |
Summary: Sawtelle housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes decreased by 21%.
Median Sold Price Compared To Nearby Neighborhoods
North Westdale | $1.3M | $1.4M | +5.5% |
Little Tokyo West | $948K | $979.5K | +3.3% |
Sawtelle | $1.2M | $1.2M | -2.7% |
Pacific Farms | $1.2M | $1.1M | -3.3% |
Housing Supply in Sawtelle, CA
How many homes are available in Sawtelle, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
132 | 150 | +13.6% |
Summary: The Sawtelle real estate market had 150 homes for sale in May 2024, a 13.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 6 | -25.0% |
2 Bedrooms | 61 | 68 | +11.5% |
3 Bedrooms | 36 | 49 | +36.1% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The Sawtelle housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 36.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 31 | +24.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Sawtelle in May 2024, up by 24.0% month-over-month. Of the 31 sold homes, 39% were sold under asking, 16% were sold at asking, and 45% were sold over asking.
Days on Market for Sawtelle, CA
How long does it take to sell a home in Sawtelle, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 40 Days | +3.4% |
Summary: Homes in Sawtelle had an average of 40 days on market in May 2024, up by 3.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in Sawtelle; 55% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.