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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gardena is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Gardena has remained a Seller's Market.

Key Takeaway

Gardena is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Gardena, CA

How much do homes in Gardena, CA cost?

Median Sold Price

$775,000

$544/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$35,033(+4.7%)

Key Takeaway

Homes in Gardena have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Gardena was $775,000 in November 2024, up 4.7% from last year, and the median price per square foot was $544.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $409K$465.4K
+13.8%
2 $563K$630K
+11.9%
3 $750K$789.5K
+5.3%
4 $856K$840K
-1.9%
5+ $952K$1.0M
+15.3%

Summary: Gardena housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.8%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 15.3%.

Median Sold Price Compared To Nearby Cities

Hawthorne
+6.9%
Los Angeles
+5.2%
Gardena
+4.7%
Torrance
+2.3%

Housing Supply in Gardena, CA

How many homes are available in Gardena, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10899-8.3%

Summary: The Gardena real estate market had 99 homes for sale in November 2024, a 8.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 1915
-21.1%
3 6155
-9.8%
4 1820
+11.1%
5+ 108
-20.0%

Summary: The Gardena 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 decreased by 21.1%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2924-17.2%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gardena, you could pay more than the asking price. 45.8% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in Gardena in November 2024, down by 17.2% month-over-month. Of the 24 sold homes, 42% were sold under asking, 13% were sold at asking, and 46% were sold over asking.

Days on Market for Gardena, CA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days14 Days-29.1%

Summary: Homes in Gardena had an average of 14 days on market in Nov 2024, down by 29.1% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 24 homes were sold in Gardena; 92% of homes were sold within 30 days, 8% 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 20 Days Ago

Newest Listings in Gardena, CA

Nearby Markets to Gardena, CA

What housing markets are near Gardena, CA?