Is West Riverside, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, West Riverside was a Seller's Market.
Key Takeaway
West Riverside is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in West Riverside, LA
How much do homes in West Riverside, LA cost?
Median Sold Price
$650,000
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Riverside have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in West Riverside was $650,000 in April 2024, up 5.3% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $293.8K | +25.0% |
| 2 Bedrooms | $533.5K | $417K | -21.8% |
| 3 Bedrooms | $774K | $745K | -3.7% |
| 4 Bedrooms | $945K | $766K | -18.9% |
| 5+ Bedrooms | $645K | $850K | +31.8% |
Summary: West Riverside housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 21.8%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 18.9%, and 5+ bedroom homes increased by 31.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Touro | $560K | $763.3K | +36.3% |
| West Riverside | $617.5K | $650K | +5.3% |
| Uptown | $629.9K | $645K | +2.4% |
| Audubon | $832.5K | $744.5K | -10.6% |
| East Riverside | $615K | $520K | -15.4% |
Housing Supply in West Riverside, LA
How many homes are available in West Riverside, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 44 | +29.4% |
Summary: The West Riverside real estate market had 44 homes for sale in April 2024, a 29.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 10 | 16 | +60.0% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The West 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 decreased by 16.7%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Riverside, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in West Riverside in April 2024, up by 40.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for West Riverside, LA
How long does it take to sell a home in West Riverside, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 58 Days | +33.0% |
Summary: Homes in West Riverside had an average of 58 days on market in Apr 2024, up by 33% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Riverside are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in West Riverside; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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