Is Compton, 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, Compton has remained a Seller's Market.
Housing Prices in Compton, CA
How much do homes in Compton, CA cost?
Median Sold Price
$600,000
$529/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Compton was $600,000 in April 2024, up 3.4% from last year, and the median price per square foot was $529.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $430K | $390K | -9.3% |
2 Bedrooms | $536K | $549.9K | +2.6% |
3 Bedrooms | $600K | $620K | +3.3% |
4 Bedrooms | $662.5K | $655K | -1.1% |
5+ Bedrooms | $699K | $800K | +14.4% |
Summary: Compton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.3%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 14.4%.
Median Sold Price Compared To Nearby Cities
Carson | $711.8K | $748K | +5.1% |
Downey-Norwalk | $720.1K | $755K | +4.8% |
Compton | $580K | $600K | +3.4% |
Housing Supply in Compton, CA
How many homes are available in Compton, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
147 | 139 | -5.4% |
Summary: The Compton real estate market had 139 homes for sale in April 2024, a 5.4% decrease 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 | 44 | 36 | -18.2% |
3 Bedrooms | 74 | 71 | -4.1% |
4 Bedrooms | 15 | 19 | +26.7% |
5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Compton 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 18.2%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 37 | -2.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Compton in April 2024, down by 2.6% month-over-month. Of the 37 sold homes, 30% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Compton, CA
How long does it take to sell a home in Compton, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 32 Days | -30.5% |
Summary: Homes in Compton had an average of 32 days on market in Apr 2024, down by 30.5% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 37 homes were sold in Compton; 65% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.