$4,026 Closing Credit*
$339,000
477 SqFt
1 Bed
•1 Full Bath
Chad Ratto, Listing Office: Douglas Elliman
Is Glassell Park, 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, Glassell Park has remained a Seller's Market.
Key Takeaway
Glassell Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glassell Park, CA
How much do homes in Glassell Park, CA cost?
Median Sold Price
$1,145,000
$665/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$15,000(-1.3%)
Key Takeaway
Homes in Glassell Park have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Glassell Park was $1,145,000 in October 2024, down 1.3% from last year, and the median price per square foot was $665.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.3M | $342.5K | -74.5% |
| 2 Bedrooms | $997K | $893.7K | -10.4% |
| 3 Bedrooms | $1.1M | $1.2M | +4.6% |
| 4 Bedrooms | $1.1M | $1.1M | -4.7% |
| 5+ Bedrooms | $1.2M | $2.1M | +70.3% |
Summary: Glassell Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 74.5%, 2 bedroom homes decreased by 10.4%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 70.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Northeast LA | $1.1M | $1.1M | +3.1% |
| Mount Washington | $1.2M | $1.2M | +2.9% |
| Glassell Park | $1.1M | $1.1M | -1.3% |
Housing Supply in Glassell Park, CA
How many homes are available in Glassell Park, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 30 | +25.0% |
Summary: The Glassell Park real estate market had 30 homes for sale in October 2024, a 25.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 1 | 6 | +500.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Glassell Park 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 remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 500%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glassell Park, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Glassell Park in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for Glassell Park, CA
How long does it take to sell a home in Glassell Park, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 31 Days | -26.3% |
Summary: Homes in Glassell Park had an average of 31 days on market in Oct 2024, down by 26.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Glassell Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Glassell Park; 57% of homes were sold within 30 days, 43% 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.