$10,000 Closing Credit*
$1,399,000
1,189 SqFt
3 Beds
•2 Full Baths
#425004125, Craig Ackerman, Listing Office: Proof Real Estate
Is Central West, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Central West has remained a Seller's Market.
Key Takeaway
Central West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central West, CA
How much do homes in Central West, CA cost?
Median Sold Price
$1,550,000
$996/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$68,000(+4.6%)
Key Takeaway
Homes in Central West have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Central West was $1,550,000 in December 2024, up 4.6% from last year, and the median price per square foot was $996.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $810K | $749K | -7.5% |
| 2 Bedrooms | $1.3M | $1.3M | +3.1% |
| 3 Bedrooms | $1.5M | $1.5M | +4.6% |
| 4 Bedrooms | $1.7M | $1.8M | +6.8% |
| 5+ Bedrooms | $1.9M | $1.9M | 0.0% |
Summary: Central West housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Central Sunset | $1.5M | $1.6M | +6.0% |
| Central West | $1.4M | $1.5M | +4.6% |
| Sunset District | $1.4M | $1.5M | +4.5% |
Housing Supply in Central West, CA
How many homes are available in Central West, CA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 109 | 60 | -45.0% |
Summary: The Central West real estate market had 60 homes for sale in December 2024, a 45.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 33 | 15 | -54.5% |
| 3 Bedrooms | 40 | 19 | -52.5% |
| 4 Bedrooms | 20 | 16 | -20.0% |
| 5+ Bedrooms | 15 | 9 | -40.0% |
Summary: The Central West housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 54.5%, 3 bedroom homes decreased by 52.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 56 | 28 | -50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central West, you could pay more than the asking price. 78.6% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Central West in December 2024, down by 50.0% month-over-month. Of the 28 sold homes, 21% were sold under asking, 0% were sold at asking, and 79% were sold over asking.
Days on Market for Central West, CA
How long does it take to sell a home in Central West, CA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 88 Days | 32 Days | -63.0% |
Summary: Homes in Central West had an average of 32 days on market in Dec 2024, down by 63% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Central West are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 28 homes were sold in Central West; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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