$7,066 Closing Credit*
$595,000
1,019 SqFt
3 Beds
•1 Full Bath, 1 Partial
Tamas Batyi, Listing Office: Compass
Is Compton, 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, Compton was a Seller's Market.
Key Takeaway
Compton 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 Compton, CA
How much do homes in Compton, CA cost?
Median Sold Price
$630,375
$529/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$42,375(+7.2%)
Key Takeaway
Homes in Compton have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Compton was $630,375 in November 2024, up 7.2% from last year, and the median price per square foot was $529.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | $430K | +10.3% |
| 2 Bedrooms | $532K | $555K | +4.3% |
| 3 Bedrooms | $600K | $645K | +7.5% |
| 4 Bedrooms | $650K | $685K | +5.4% |
| 5+ Bedrooms | $790K | $832K | +5.3% |
Summary: Compton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
| Compton | $588K | $630.3K | +7.2% |
| Downey-Norwalk | $729.4K | $780K | +6.9% |
| Carson | $730K | $761.1K | +4.3% |
Housing Supply in Compton, CA
How many homes are available in Compton, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 178 | 176 | -1.1% |
Summary: The Compton real estate market had 176 homes for sale in November 2024, a 1.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 42 | 53 | +26.2% |
| 3 Bedrooms | 83 | 77 | -7.2% |
| 4 Bedrooms | 29 | 29 | 0.0% |
| 5+ Bedrooms | 22 | 15 | -31.8% |
Summary: The Compton 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 increased by 26.2%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 31.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 29 | -12.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Compton, you could pay more than the asking price. 72.4% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Compton in November 2024, down by 12.1% month-over-month. Of the 29 sold homes, 28% were sold under asking, 0% were sold at asking, and 72% were sold over asking.
Days on Market for Compton, CA
How long does it take to sell a home in Compton, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 21 Days | -38.1% |
Summary: Homes in Compton had an average of 21 days on market in Nov 2024, down by 38.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Compton are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 29 homes were sold in Compton; 72% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 0% 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.