Is East Riverside, LA 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, East Riverside has remained a Seller's Market.
Key Takeaway
East Riverside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Riverside, LA
How much do homes in East Riverside, LA cost?
Median Sold Price
$520,000
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Riverside have sold for 15.4% less than they did a year ago.
Summary: The median home sold price in East Riverside was $520,000 in April 2024, down 15.4% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $425K | $230.3K | -45.8% |
| 2 Bedrooms | $475K | $370K | -22.1% |
| 3 Bedrooms | $626K | $545K | -12.9% |
| 4 Bedrooms | $799K | $782.5K | -2.1% |
| 5+ Bedrooms | $650K | $500K | -23.1% |
Summary: East Riverside housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.8%, 2 bedroom homes decreased by 22.1%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 23.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Garden District | $607.5K | $899K | +48.0% |
| Touro | $560K | $763.3K | +36.3% |
| Irish Channel | $485K | $463K | -4.5% |
| East Riverside | $615K | $520K | -15.4% |
Housing Supply in East Riverside, LA
How many homes are available in East Riverside, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Summary: The East Riverside real estate market had 34 homes for sale in April 2024, a 3.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The East Riverside 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 remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Riverside, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in East Riverside in April 2024, the same as the previous month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for East Riverside, LA
How long does it take to sell a home in East Riverside, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 24 Days | +7.5% |
Summary: Homes in East Riverside had an average of 24 days on market in Apr 2024, up by 7.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in East Riverside are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in East Riverside; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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