$10,000 Closing Credit*
$899,000
3 Beds
•2 Full Baths, 1 Partial
Fred Evans, Listing Office: Re/Max Gold Coast Realtors
Is Downtown, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Downtown has remained a Seller's Market.
Key Takeaway
Downtown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Downtown, CA
How much do homes in Downtown, CA cost?
Median Sold Price
$1,039,500
$629/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$163,000(-13.6%)
Key Takeaway
Homes in Downtown have sold for 13.6% less than they did a year ago.
Summary: The median home sold price in Downtown was $1,039,500 in November 2024, down 13.6% from last year, and the median price per square foot was $629.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $627.5K | N/A |
| 2 Bedrooms | $881.5K | $750K | -14.9% |
| 3 Bedrooms | $1.5M | $1.0M | -32.1% |
| 4 Bedrooms | $1.6M | $1.3M | -13.6% |
| 5+ Bedrooms | $1.8M | $1.8M | 0.5% |
Summary: Downtown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.9%, 3 bedroom homes decreased by 32.1%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Pierpont | $1.3M | $1.6M | +23.2% |
| Westside | $659K | $780K | +18.4% |
| Midtown Ventura | $1.0M | $1.0M | -4.3% |
| Downtown | $1.2M | $1.0M | -13.6% |
Housing Supply in Downtown, CA
How many homes are available in Downtown, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The Downtown real estate market had 9 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Downtown 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 decreased by 20%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Downtown in November 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Downtown, CA
How long does it take to sell a home in Downtown, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 181 Days | +495.1% |
Summary: Homes in Downtown had an average of 181 days on market in Nov 2024, up by 495.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Downtown has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Downtown; 0% of homes were sold within 30 days, 50% 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.