Is Chinatown, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chinatown is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Chinatown was a Buyer's Market.

Key Takeaway

Chinatown 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 Chinatown, CA

How much do homes in Chinatown, CA cost?

Median Sold Price

$400,000

$449/sqft

Based on all homes sold in September 2024.

The Median Sold Price hasn't changed since August 2024.

Key Takeaway

The sold price of homes in Chinatown has remained the same since last month.

Summary: The median home sold price in Chinatown was $400,000 in September 2024, the same as last month, and the median price per square foot was $449.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 -$358K
N/A
2 $400K$400K
0.0%
3 --
N/A
4 --
N/A
5+ -$1.1M
N/A

Summary: Chinatown housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Chinatown, CA

How many homes are available in Chinatown, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1720+17.6%

Summary: The Chinatown real estate market had 20 homes for sale in September 2024, a 17.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 1214
+16.7%
2 34
+33.3%
3 11
0.0%
4 00
0.0%
5+ 11
0.0%

Summary: The Chinatown housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chinatown, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Chinatown in September 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Chinatown, CA

How long does it take to sell a home in Chinatown, CA?

Average Sale Time

Aug 2024Sep 2024CHANGE
40 Days62 Days+55.0%

Summary: Homes in Chinatown had an average of 62 days on market in Sep 2024, up by 55% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Chinatown has remained consistent over time.

Summary: During September 2024, 3 homes were sold in Chinatown; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

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