Is Topanga, 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, Topanga has remained a Seller's Market.
Housing Prices in Topanga, CA
How much do homes in Topanga, CA cost?
Median Sold Price
$1,792,500
$956/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Topanga was $1,792,500 in March 2024, down 5.7% from last year, and the median price per square foot was $956.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.4M | $1.0M | -31.0% |
2 Bedrooms | $1.3M | $1.4M | +2.5% |
3 Bedrooms | $1.8M | $1.5M | -18.7% |
4 Bedrooms | $2.4M | $2.4M | -0.6% |
5+ Bedrooms | $2.4M | $2.6M | +8.8% |
Summary: Topanga housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31%, 2 bedroom homes increased by 2.5%, 3 bedroom homes decreased by 18.7%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Neighborhoods
Greater Mulwood | $1.6M | $1.5M | -5.1% |
Topanga | $1.9M | $1.7M | -5.7% |
Housing Supply in Topanga, CA
How many homes are available in Topanga, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 41 | +17.1% |
Summary: The Topanga real estate market had 41 homes for sale in March 2024, a 17.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 11 | 17 | +54.5% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Topanga housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 54.5%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Topanga in March 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Topanga, CA
How long does it take to sell a home in Topanga, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 37 Days | -12.7% |
Summary: Homes in Topanga had an average of 37 days on market in Mar 2024, down by 12.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Topanga; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.