Is Harbor City, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harbor City is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Harbor City, CA

How much do homes in Harbor City, CA cost?

Median Sold Price

$815,000

$505/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$100,000(+14.0%)

Key Takeaway

Homes in Harbor City have sold for 14% more than they did a year ago.

Summary: The median home sold price in Harbor City was $815,000 in October 2024, up 14% from last year, and the median price per square foot was $505.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $359K$512K
+42.6%
2 $530K$563K
+6.2%
3 $741.2K$817.5K
+10.3%
4 $850K$950K
+11.8%
5+ $1.0M$992K
-5.3%

Summary: Harbor City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.6%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 5.3%.

Median Sold Price Compared To Nearby Neighborhoods

Harbor City
+14.0%
San Pedro North
+1.9%
South East Torrance
0.0%
West Carson
-0.4%

Housing Supply in Harbor City, CA

How many homes are available in Harbor City, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5048-4.0%

Summary: The Harbor City real estate market had 48 homes for sale in October 2024, a 4.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1411
-21.4%
3 2327
+17.4%
4 109
-10.0%
5+ 31
-66.7%

Summary: The Harbor City 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 decreased by 21.4%, 3 bedroom homes increased by 17.4%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1117+54.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harbor City, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Harbor City in October 2024, up by 54.5% month-over-month. Of the 17 sold homes, 59% were sold under asking, 0% were sold at asking, and 41% were sold over asking.

Days on Market for Harbor City, CA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
55 Days30 Days-44.3%

Summary: Homes in Harbor City had an average of 30 days on market in Oct 2024, down by 44.3% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 17 homes were sold in Harbor City; 53% of homes were sold within 30 days, 47% 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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