Is Broadway-Manchester, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Broadway-Manchester has remained a Seller's Market.
Housing Prices in Broadway-Manchester, CA
How much do homes in Broadway-Manchester, CA cost?
Median Sold Price
$574,500
$507/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Broadway-Manchester was $574,500 in May 2024, up 3.5% from last year, and the median price per square foot was $507.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $367.8K | N/A |
2 Bedrooms | $487.5K | $507.5K | +4.1% |
3 Bedrooms | $562.5K | $580K | +3.1% |
4 Bedrooms | $610K | $650K | +6.6% |
5+ Bedrooms | $775K | $762.7K | -1.6% |
Summary: Broadway-Manchester housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Neighborhoods
Green Meadows | $550K | $590K | +7.3% |
Broadway-Manchester | $555K | $574.5K | +3.5% |
South LA | $668.6K | $684.6K | +2.4% |
Vermont Vista | $604.5K | $614.5K | +1.7% |
Willowbrook | $587.5K | $594.5K | +1.2% |
Housing Supply in Broadway-Manchester, CA
How many homes are available in Broadway-Manchester, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 32 | +6.7% |
Summary: The Broadway-Manchester real estate market had 32 homes for sale in May 2024, a 6.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 13 | +8.3% |
3 Bedrooms | 10 | 10 | 0.0% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Broadway-Manchester housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Broadway-Manchester in May 2024, up by 50.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% were sold over asking.
Days on Market for Broadway-Manchester, CA
How long does it take to sell a home in Broadway-Manchester, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 28 Days | +22.0% |
Summary: Homes in Broadway-Manchester had an average of 28 days on market in May 2024, up by 22% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Broadway-Manchester; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.