$8,657 Closing Credit*
$729,000
1,110 SqFt
2 Beds
•2 Full Baths
Ron Frederick, Listing Office: Exclusive Realty Inc
Is Center City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Center City was a Seller's Market.
Key Takeaway
Center City 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 Center City, CA
How much do homes in Center City, CA cost?
Median Sold Price
$890,000
$755/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$22,500(-2.5%)
Key Takeaway
Homes in Center City have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Center City was $890,000 in November 2024, down 2.5% from last year, and the median price per square foot was $755.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $615K | $631.7K | +2.7% |
| 2 Bedrooms | $995K | $1.0M | 0.5% |
| 3 Bedrooms | $1.8M | $1.5M | -18.9% |
| 4 Bedrooms | $1.8M | $2.2M | +20.6% |
| 5+ Bedrooms | $2.2M | $2.4M | +9.0% |
Summary: Center City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 0.5%, 3 bedroom homes decreased by 18.9%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Neighborhoods
| Beverly Grove | $1.8M | $1.8M | +1.4% |
| Center City | $912.5K | $890K | -2.5% |
Housing Supply in Center City, CA
How many homes are available in Center City, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 70 | +12.9% |
Summary: The Center City real estate market had 70 homes for sale in November 2024, a 12.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 22 | +22.2% |
| 2 Bedrooms | 28 | 30 | +7.1% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Center City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Center City, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Center City in November 2024, up by 42.9% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 61 Days | 32 Days | -46.3% |
Summary: Homes in Center City had an average of 32 days on market in Nov 2024, down by 46.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Center City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Center City; 70% of homes were sold within 30 days, 20% 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.