Is West Adams, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, West Adams has remained a Seller's Market.
Key Takeaway
West Adams is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Adams, CA
How much do homes in West Adams, CA cost?
Median Sold Price
$885,000
$679/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in West Adams have sold for 17.9% less than they did a month ago.
Summary: The median home sold price in West Adams was $885,000 in April 2024, down 17.9% from last month, and the median price per square foot was $679.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.0M | $885K | -13.0% |
| 3 Bedrooms | $952.5K | $865.2K | -9.2% |
| 4 Bedrooms | - | $970K | N/A |
| 5+ Bedrooms | $1.5M | $1.6M | +6.4% |
Summary: West Adams housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 6.4%.
Housing Supply in West Adams, CA
How many homes are available in West Adams, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 47 | +23.7% |
Summary: The West Adams real estate market had 47 homes for sale in April 2024, a 23.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 4 | 9 | +125.0% |
| 5+ Bedrooms | 9 | 14 | +55.6% |
Summary: The West Adams housing inventory by bedroom type for April 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 6.7%, 4 bedroom homes increased by 125%, and 5+ bedroom homes increased by 55.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Adams, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in West Adams in April 2024, up by 12.5% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for West Adams, CA
How long does it take to sell a home in West Adams, CA?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 33 Days | 0.0% |
Summary: Homes in West Adams had an average of 33 days on market in Apr 2024, up by 0% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in West Adams has remained consistent over time.
Summary: During April 2024, 9 homes were sold in West Adams; 44% of homes were sold within 30 days, 56% 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.