Is Channel Islands, 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, Channel Islands was a Neutral Market.
Housing Prices in Channel Islands, CA
How much do homes in Channel Islands, CA cost?
Median Sold Price
$1,320,000
$531/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Channel Islands was $1,320,000 in May 2024, down 3.3% from last year, and the median price per square foot was $531.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $535K | $490.7K | -8.3% |
2 Bedrooms | $991.2K | $875K | -11.7% |
3 Bedrooms | $1.6M | $1.6M | -0.6% |
4 Bedrooms | $2.2M | $1.9M | -12.3% |
5+ Bedrooms | $1.4M | $1.4M | -2.4% |
Summary: Channel Islands housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.3%, 2 bedroom homes decreased by 11.7%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Neighborhoods
Hollywood By The Sea | $1.1M | $1.3M | +21.7% |
Sea View Estates | $710K | $739K | +4.1% |
Via West | $690K | $702.5K | +1.8% |
Channel Islands | $1.3M | $1.3M | -3.3% |
Housing Supply in Channel Islands, CA
How many homes are available in Channel Islands, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 33 | +17.9% |
Summary: The Channel Islands real estate market had 33 homes for sale in May 2024, a 17.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Channel Islands housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Channel Islands in May 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for Channel Islands, CA
How long does it take to sell a home in Channel Islands, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 45 Days | +11.8% |
Summary: Homes in Channel Islands had an average of 45 days on market in May 2024, up by 11.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Channel Islands; 29% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.