Is Wilshire / Montana, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Wilshire / Montana has remained a Seller's Market.
Key Takeaway
Wilshire / Montana is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wilshire / Montana, CA
How much do homes in Wilshire / Montana, CA cost?
Median Sold Price
$1,576,000
$1,030/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wilshire / Montana have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Wilshire / Montana was $1,576,000 in April 2024, up 8.4% from last year, and the median price per square foot was $1,030.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $799K | $706.5K | -11.6% |
| 2 Bedrooms | $1.3M | $1.5M | +14.5% |
| 3 Bedrooms | $1.8M | $1.8M | -4.0% |
| 4 Bedrooms | $950.4K | $934.7K | -1.6% |
| 5+ Bedrooms | $4.3M | $4.4M | 0.2% |
Summary: Wilshire / Montana housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.6%, 2 bedroom homes increased by 14.5%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown Santa Monica | $975K | $1.8M | +87.2% |
| Wilshire / Montana | $1.4M | $1.5M | +8.4% |
| The Palisades | $2.7M | $2.7M | +1.6% |
| North of Montana | $4.2M | $4.0M | -5.4% |
Housing Supply in Wilshire / Montana, CA
How many homes are available in Wilshire / Montana, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 54 | 65 | +20.4% |
Summary: The Wilshire / Montana real estate market had 65 homes for sale in April 2024, a 20.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 29 | 36 | +24.1% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Wilshire / Montana housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 24.1%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 19 | +137.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wilshire / Montana, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Wilshire / Montana in April 2024, up by 137.5% month-over-month. Of the 19 sold homes, 53% were sold under asking, 5% were sold at asking, and 42% were sold over asking.
Days on Market for Wilshire / Montana, CA
How long does it take to sell a home in Wilshire / Montana, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 16 Days | -68.9% |
Summary: Homes in Wilshire / Montana had an average of 16 days on market in Apr 2024, down by 68.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wilshire / Montana are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in Wilshire / Montana; 89% of homes were sold within 30 days, 11% 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.