$10,000 Closing Credit*
$2,400,000
4,587 SqFt
6 Beds
•4 Baths
Sheri Bienstock, Listing Office: The Bienstock Group
Is Hancock Park, 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, Hancock Park has remained a Seller's Market.
Key Takeaway
Hancock Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hancock Park, CA
How much do homes in Hancock Park, CA cost?
Median Sold Price
$1,775,000
$782/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$225,000(+14.5%)
Key Takeaway
Homes in Hancock Park have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Hancock Park was $1,775,000 in November 2024, up 14.5% from last year, and the median price per square foot was $782.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $527K | $687K | +30.4% |
| 2 Bedrooms | $939.5K | $935K | -0.5% |
| 3 Bedrooms | $1.6M | $1.6M | +4.5% |
| 4 Bedrooms | $3.2M | $2.6M | -20.0% |
| 5+ Bedrooms | $5.1M | $3.1M | -37.6% |
Summary: Hancock Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.4%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 37.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Hancock Park | $1.5M | $1.7M | +14.5% |
| Mid-Wilshire | $1.4M | $1.6M | +10.9% |
| Windsor Square | $2.8M | $2.6M | -7.1% |
Housing Supply in Hancock Park, CA
How many homes are available in Hancock Park, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 40 | +8.1% |
Summary: The Hancock Park real estate market had 40 homes for sale in November 2024, a 8.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 18 | 17 | -5.6% |
Summary: The Hancock Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 5.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hancock Park, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Hancock Park in November 2024, up by 100.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Hancock Park, CA
How long does it take to sell a home in Hancock Park, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 23 Days | -44.8% |
Summary: Homes in Hancock Park had an average of 23 days on market in Nov 2024, down by 44.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hancock Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Hancock Park; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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.