Is Signal Hill, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Signal Hill was a Seller's Market.
Housing Prices in Signal Hill, CA
How much do homes in Signal Hill, CA cost?
Median Sold Price
$610,000
$483/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Signal Hill was $610,000 in June 2024, down 5.3% from last year, and the median price per square foot was $483.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $431K | $460K | +6.7% |
2 Bedrooms | $565K | $582.5K | +3.1% |
3 Bedrooms | $770K | $870K | +13.0% |
4 Bedrooms | $1.2M | $1.1M | -9.8% |
5+ Bedrooms | $1.3M | $1.2M | -4.8% |
Summary: Signal Hill housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
Long Beach-Lakewood | $770K | $819.9K | +6.5% |
Long Beach | $765K | $811K | +6.0% |
Signal Hill | $644K | $610K | -5.3% |
Housing Supply in Signal Hill, CA
How many homes are available in Signal Hill, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
35 | 36 | +2.9% |
Summary: The Signal Hill real estate market had 36 homes for sale in June 2024, a 2.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 15 | 16 | +6.7% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Signal Hill housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 6.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Signal Hill in June 2024, down by 37.5% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.
Days on Market for Signal Hill, CA
How long does it take to sell a home in Signal Hill, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
8 Days | 5 Days | -36.5% |
Summary: Homes in Signal Hill had an average of 5 days on market in Jun 2024, down by 36.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 5 homes were sold in Signal Hill; 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.