$2,795,000
2,865 SqFt
3 Beds
•4 Full Baths
Holbrook Realty G..., Listing Office: Keller Williams Westlake Village
Is Channel Islands, 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, Channel Islands was a Seller's Market.
Key Takeaway
Channel Islands is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Channel Islands, CA
How much do homes in Channel Islands, CA cost?
Median Sold Price
$1,475,000
$619/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$225,000(+18.0%)
Key Takeaway
Homes in Channel Islands have sold for 18% more than they did a year ago.
Summary: The median home sold price in Channel Islands was $1,475,000 in November 2024, up 18% from last year, and the median price per square foot was $619.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $495K | $570K | +15.2% |
| 2 Bedrooms | $870K | $935K | +7.5% |
| 3 Bedrooms | $1.5M | $1.7M | +19.9% |
| 4 Bedrooms | $2.2M | $1.8M | -20.9% |
| 5+ Bedrooms | $1.4M | $1.4M | -2.4% |
Summary: Channel Islands housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 19.9%, 4 bedroom homes decreased by 20.9%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Channel Islands | $1.2M | $1.4M | +18.0% |
| Hollywood By The Sea | $1.2M | $850K | -32.0% |
Housing Supply in Channel Islands, CA
How many homes are available in Channel Islands, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 20 | -9.1% |
Summary: The Channel Islands real estate market had 20 homes for sale in November 2024, a 9.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Channel Islands housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Channel Islands, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Channel Islands in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 102 Days | 65 Days | -35.8% |
Summary: Homes in Channel Islands had an average of 65 days on market in Nov 2024, down by 35.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Channel Islands are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Channel Islands; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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.