$10,000 Closing Credit*
$1,298,000
1,590 SqFt
3 Beds
•3 Full Baths, 1 Partial
Bill Ruane, Listing Office: RE/MAX Estate Properties
Is El Segundo, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, El Segundo has remained a Seller's Market.
Key Takeaway
El Segundo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in El Segundo, CA
How much do homes in El Segundo, CA cost?
Median Sold Price
$1,710,204
$859/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$260,204(+17.9%)
Key Takeaway
Homes in El Segundo have sold for 17.9% more than they did a year ago.
Summary: The median home sold price in El Segundo was $1,710,204 in October 2024, up 17.9% from last year, and the median price per square foot was $859.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.1M | - | N/A |
| 2 Bedrooms | $805K | $907K | +12.7% |
| 3 Bedrooms | $1.4M | $1.5M | +8.8% |
| 4 Bedrooms | $1.9M | $1.9M | 0.0% |
| 5+ Bedrooms | $2.3M | $2.7M | +20.5% |
Summary: El Segundo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 8.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 20.5%.
Median Sold Price Compared To Nearby Cities
| El Segundo | $1.4M | $1.7M | +17.9% |
| South Bay Cities | $1.6M | $1.8M | +8.2% |
| Hawthorne | $853K | $910K | +6.7% |
| Manhattan Beach | $2.8M | $2.9M | +6.3% |
| Los Angeles | $969.8K | $1.0M | +5.5% |
Housing Supply in El Segundo, CA
How many homes are available in El Segundo, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 37 | -5.1% |
Summary: The El Segundo real estate market had 37 homes for sale in October 2024, a 5.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 11 | +57.1% |
| 3 Bedrooms | 18 | 15 | -16.7% |
| 4 Bedrooms | 11 | 7 | -36.4% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The El Segundo housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in El Segundo, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in El Segundo in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for El Segundo, CA
How long does it take to sell a home in El Segundo, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 45 Days | +7.5% |
Summary: Homes in El Segundo had an average of 45 days on market in Oct 2024, up by 7.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in El Segundo are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in El Segundo; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% 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.