Is Center City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Center City was a Seller's Market.
Housing Prices in Center City, CA
How much do homes in Center City, CA cost?
Median Sold Price
$890,000
$778/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Center City was $890,000 in May 2024, up 2.4% from last year, and the median price per square foot was $778.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $644K | $625K | -3.0% |
2 Bedrooms | $943K | $997K | +5.7% |
3 Bedrooms | $1.4M | $2.0M | +37.6% |
4 Bedrooms | - | $1.8M | N/A |
5+ Bedrooms | $3.0M | $2.4M | -20.4% |
Summary: Center City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 37.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 20.4%.
Median Sold Price Compared To Nearby Neighborhoods
McNair Place | $1.2M | $1.8M | +42.6% |
Eastside West Hollywood | $1.3M | $1.6M | +22.4% |
Center City | $869.4K | $890K | +2.4% |
Beverly Grove | $1.9M | $1.8M | -1.8% |
Housing Supply in Center City, CA
How many homes are available in Center City, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
51 | 64 | +25.5% |
Summary: The Center City real estate market had 64 homes for sale in May 2024, a 25.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 15 | -11.8% |
2 Bedrooms | 25 | 35 | +40.0% |
3 Bedrooms | 4 | 6 | +50.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Center City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.8%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Center City in May 2024, down by 20.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Center City, CA
How long does it take to sell a home in Center City, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
58 Days | 36 Days | -38.5% |
Summary: Homes in Center City had an average of 36 days on market in May 2024, down by 38.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Center City; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.