Is The Southeast, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, The Southeast has remained a Seller's Market.
Housing Prices in The Southeast, CA
How much do homes in The Southeast, CA cost?
Median Sold Price
$715,217
$538/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in The Southeast was $715,217 in March 2024, up 3.7% from last year, and the median price per square foot was $538.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $415K | $400.5K | -3.5% |
2 Bedrooms | $575K | $596.7K | +3.8% |
3 Bedrooms | $700K | $726K | +3.7% |
4 Bedrooms | $809K | $830.5K | +2.7% |
5+ Bedrooms | $975K | $1.1M | +14.0% |
Summary: The Southeast housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 14%.
Median Sold Price Compared To Nearby Neighborhoods
West Whittier-Los Nietos | $705K | $740K | +5.0% |
South Whittier | $724.9K | $755K | +4.2% |
The Southeast | $690K | $715.2K | +3.7% |
Housing Supply in The Southeast, CA
How many homes are available in The Southeast, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
811 | 802 | -1.1% |
Summary: The The Southeast real estate market had 802 homes for sale in March 2024, a 1.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 12 | +9.1% |
2 Bedrooms | 188 | 164 | -12.8% |
3 Bedrooms | 382 | 392 | +2.6% |
4 Bedrooms | 161 | 157 | -2.5% |
5+ Bedrooms | 69 | 77 | +11.6% |
Summary: The The Southeast housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes decreased by 12.8%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 11.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
218 | 225 | +3.2% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
127 Homes Were Sold
Over Asking
Summary: A total of 225 homes were sold or pending in The Southeast in March 2024, up by 3.2% month-over-month. Of the 225 sold homes, 28% were sold under asking, 16% were sold at asking, and 56% were sold over asking.
Days on Market for The Southeast, CA
How long does it take to sell a home in The Southeast, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 27 Days | -20.2% |
Summary: Homes in The Southeast had an average of 27 days on market in Mar 2024, down by 20.2% compared to last year.
Breakdown of Home Sale Times
169 Homes Were Sold
Under 30 Days
38 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During March 2024, 225 homes were sold in The Southeast; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.