Is Signal Hill, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Signal Hill is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Signal Hill was a Neutral Market.

Key Takeaway

Signal Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Signal Hill, CA

How much do homes in Signal Hill, CA cost?

Median Sold Price

$586,000

$475/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$114,000(-16.3%)

Key Takeaway

Homes in Signal Hill have sold for 16.3% less than they did a year ago.

Summary: The median home sold price in Signal Hill was $586,000 in February 2024, down 16.3% from last year, and the median price per square foot was $475.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $430K$416.5K
-3.1%
2 $562.5K$572K
+1.7%
3 $817.4K$805K
-1.5%
4 $1.1M$1.2M
+7.6%
5+ $1.3M$1.2M
-6.8%

Summary: Signal Hill housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 6.8%.

Median Sold Price Compared To Nearby Cities

Long Beach
+2.5%
Long Beach-Lakewood
+1.9%
Signal Hill
-16.3%

Housing Supply in Signal Hill, CA

How many homes are available in Signal Hill, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1517+13.3%

Summary: The Signal Hill real estate market had 17 homes for sale in February 2024, a 13.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 33
0.0%
2 108
-20.0%
3 14
+300.0%
4 00
0.0%
5+ 12
+100.0%

Summary: The Signal Hill housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 300%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
660.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Signal Hill, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Signal Hill in February 2024, the same as the previous month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% 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

Feb 2023Feb 2024CHANGE
70 Days27 Days-61.2%

Summary: Homes in Signal Hill had an average of 27 days on market in Feb 2024, down by 61.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Signal Hill are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 6 homes were sold in Signal Hill; 67% of homes were sold within 30 days, 33% 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 4 Days Ago

Newest Listings in Signal Hill, CA

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