Is Elysian Heights, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elysian Heights is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Elysian Heights was a Neutral Market.

Key Takeaway

Elysian Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Elysian Heights, CA

How much do homes in Elysian Heights, CA cost?

Median Sold Price

$1,457,500

$891/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$97,500(+7.2%)

Key Takeaway

Homes in Elysian Heights have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in Elysian Heights was $1,457,500 in November 2024, up 7.2% from last year, and the median price per square foot was $891.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $765K$1.0M
+30.9%
2 $1.2M$1.2M
-1.3%
3 $1.5M$1.4M
-6.8%
4 $1.3M$1.8M
+38.4%
5+ $1.6M$1.8M
+17.0%

Summary: Elysian Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.9%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 38.4%, and 5+ bedroom homes increased by 17%.

Median Sold Price Compared To Nearby Neighborhoods

Elysian Heights
+7.2%
Elysian Valley
-2.9%
Echo Park
-3.3%

Housing Supply in Elysian Heights, CA

How many homes are available in Elysian Heights, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1516+6.7%

Summary: The Elysian Heights real estate market had 16 homes for sale in November 2024, a 6.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 33
0.0%
3 78
+14.3%
4 11
0.0%
5+ 43
-25.0%

Summary: The Elysian Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elysian Heights, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Elysian Heights in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Elysian Heights, CA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days45 Days+125.0%

Summary: Homes in Elysian Heights had an average of 45 days on market in Nov 2024, up by 125% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Elysian Heights are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Elysian Heights; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

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