Is Walnut, 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, Walnut has remained a Seller's Market.
Key Takeaway
Walnut is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Walnut, CA
How much do homes in Walnut, CA cost?
Median Sold Price
$1,092,500
$547/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Walnut have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in Walnut was $1,092,500 in March 2024, down 3.3% from last year, and the median price per square foot was $547.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $130K | -56.7% |
| 2 Bedrooms | $617.5K | $581.5K | -5.8% |
| 3 Bedrooms | $992.5K | $945K | -4.8% |
| 4 Bedrooms | $1.2M | $1.1M | -5.3% |
| 5+ Bedrooms | $1.6M | $1.6M | 0.2% |
Summary: Walnut housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.7%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Cities
| West Covina | $771.5K | $795K | +3.0% |
| East San Gabriel Valley | $750K | $770.7K | +2.8% |
| Pomona | $621.3K | $636.6K | +2.5% |
| Walnut | $1.1M | $1.0M | -3.3% |
Housing Supply in Walnut, CA
How many homes are available in Walnut, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 52 | 62 | +19.2% |
Summary: The Walnut real estate market had 62 homes for sale in March 2024, a 19.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 18 | 27 | +50.0% |
| 5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The Walnut 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 decreased by 25%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 16 | +60.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Walnut, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Walnut in March 2024, up by 60.0% month-over-month. Of the 16 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Walnut, CA
How long does it take to sell a home in Walnut, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 20 Days | -1.1% |
Summary: Homes in Walnut had an average of 20 days on market in Mar 2024, down by 1.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Walnut are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in Walnut; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% 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.