Is The Harbor, 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, The Harbor has remained a Seller's Market.
Key Takeaway
The Harbor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in The Harbor, CA
How much do homes in The Harbor, CA cost?
Median Sold Price
$791,750
$588/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in The Harbor have sold for 5% more than they did a year ago.
Summary: The median home sold price in The Harbor was $791,750 in May 2024, up 5% from last year, and the median price per square foot was $588.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $425K | $435.2K | +2.4% |
| 2 Bedrooms | $611.6K | $637.8K | +4.3% |
| 3 Bedrooms | $805.3K | $839.9K | +4.3% |
| 4 Bedrooms | $906.3K | $930K | +2.6% |
| 5+ Bedrooms | $1.1M | $1.1M | +5.5% |
Summary: The Harbor housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Wilmington | $622.5K | $680K | +9.2% |
| San Pedro North | $700K | $745K | +6.4% |
| The Harbor | $753.8K | $791.7K | +5.0% |
| Harbor City | $750K | $753.5K | 0.5% |
Housing Supply in The Harbor, CA
How many homes are available in The Harbor, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,288 | 1,334 | +3.6% |
Summary: The The Harbor real estate market had 1,334 homes for sale in May 2024, a 3.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 121 | 125 | +3.3% |
| 2 Bedrooms | 374 | 379 | +1.3% |
| 3 Bedrooms | 518 | 517 | -0.2% |
| 4 Bedrooms | 192 | 207 | +7.8% |
| 5+ Bedrooms | 83 | 106 | +27.7% |
Summary: The The Harbor housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 27.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 349 | 340 | -2.6% |
Asking Price vs. Sold Price
92 Homes Were Sold
Under Asking
71 Homes Were Sold
At Asking
177 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Harbor, you could pay more than the asking price. 52.1% of homes here sold above asking price last month.
Summary: A total of 340 homes were sold or pending in The Harbor in May 2024, down by 2.6% month-over-month. Of the 340 sold homes, 27% were sold under asking, 21% were sold at asking, and 52% were sold over asking.
Days on Market for The Harbor, CA
How long does it take to sell a home in The Harbor, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 26 Days | -4.8% |
Summary: Homes in The Harbor had an average of 26 days on market in May 2024, down by 4.8% compared to last year.
Breakdown of Home Sale Times
255 Homes Were Sold
Under 30 Days
62 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in The Harbor are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 340 homes were sold in The Harbor; 75% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 7% 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.