Is The Palisades, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, The Palisades was a Seller's Market.
Key Takeaway
The Palisades is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in The Palisades, CA
How much do homes in The Palisades, CA cost?
Median Sold Price
$2,795,000
$1,336/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in The Palisades have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in The Palisades was $2,795,000 in April 2024, up 1.6% from last year, and the median price per square foot was $1,336.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $813.8K | $875K | +7.5% |
| 2 Bedrooms | $1.5M | $2.0M | +34.1% |
| 3 Bedrooms | $3.1M | $4.9M | +58.4% |
| 4 Bedrooms | $4.8M | $4.9M | +3.3% |
| 5+ Bedrooms | $8.1M | $5.6M | -30.6% |
Summary: The Palisades housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 34.1%, 3 bedroom homes increased by 58.4%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 30.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Wilshire / Montana | $1.4M | $1.5M | +8.4% |
| The Westside | $1.7M | $1.7M | +1.9% |
| The Palisades | $2.7M | $2.7M | +1.6% |
| North of Montana | $4.2M | $4.0M | -5.4% |
| Pacific Palisades | $4.0M | $3.1M | -21.5% |
Housing Supply in The Palisades, CA
How many homes are available in The Palisades, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 40 | +29.0% |
Summary: The The Palisades real estate market had 40 homes for sale in April 2024, a 29.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 11 | +83.3% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The The Palisades housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 83.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Palisades, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in The Palisades in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for The Palisades, CA
How long does it take to sell a home in The Palisades, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 59 Days | 31 Days | -47.6% |
Summary: Homes in The Palisades had an average of 31 days on market in Apr 2024, down by 47.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in The Palisades has remained consistent over time.
Summary: During April 2024, 3 homes were sold in The Palisades; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.