Is Mar Vista, 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, Mar Vista has remained a Seller's Market.
Housing Prices in Mar Vista, CA
How much do homes in Mar Vista, CA cost?
Median Sold Price
$1,999,000
$1,061/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mar Vista was $1,999,000 in May 2024, up 5.2% from last year, and the median price per square foot was $1,061.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $664K | N/A |
2 Bedrooms | $1.0M | $1.1M | +1.7% |
3 Bedrooms | $1.7M | $1.8M | +9.1% |
4 Bedrooms | $2.6M | $2.4M | -8.1% |
5+ Bedrooms | $3.6M | $2.9M | -19.1% |
Summary: Mar Vista 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 1.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 19.1%.
Housing Supply in Mar Vista, CA
How many homes are available in Mar Vista, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
82 | 103 | +25.6% |
Summary: The Mar Vista real estate market had 103 homes for sale in May 2024, a 25.6% 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 | 13 | +8.3% |
3 Bedrooms | 24 | 28 | +16.7% |
4 Bedrooms | 22 | 33 | +50.0% |
5+ Bedrooms | 24 | 29 | +20.8% |
Summary: The Mar Vista 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 increased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 20.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 18 | -5.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Mar Vista in May 2024, down by 5.3% month-over-month. Of the 18 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Mar Vista, CA
How long does it take to sell a home in Mar Vista, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 45 Days | +45.6% |
Summary: Homes in Mar Vista had an average of 45 days on market in May 2024, up by 45.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Mar Vista; 50% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.