Is El Sereno, 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, El Sereno was a Seller's Market.
Key Takeaway
El Sereno 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 El Sereno, CA
How much do homes in El Sereno, CA cost?
Median Sold Price
$839,750
$658/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in El Sereno have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in El Sereno was $839,750 in May 2024, down 1.2% from last year, and the median price per square foot was $658.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $517.5K | $587.5K | +13.5% |
| 2 Bedrooms | $775K | $745K | -3.9% |
| 3 Bedrooms | $859K | $857.2K | -0.2% |
| 4 Bedrooms | $945K | $1.0M | +7.4% |
| 5+ Bedrooms | $1.1M | $1.2M | +8.9% |
Summary: El Sereno housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Montecito Heights | $707K | $765K | +8.2% |
| The Eastside | $700K | $734.8K | +5.0% |
| East LA | $650K | $670K | +3.1% |
| El Sereno | $850K | $839.7K | -1.2% |
Housing Supply in El Sereno, CA
How many homes are available in El Sereno, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 67 | +42.6% |
Summary: The El Sereno real estate market had 67 homes for sale in May 2024, a 42.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 21 | +75.0% |
| 3 Bedrooms | 23 | 30 | +30.4% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The El Sereno 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 75%, 3 bedroom homes increased by 30.4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in El Sereno, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in El Sereno in May 2024, up by 25.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for El Sereno, CA
How long does it take to sell a home in El Sereno, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 54 Days | 33 Days | -38.0% |
Summary: Homes in El Sereno had an average of 33 days on market in May 2024, down by 38% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in El Sereno are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in El Sereno; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.