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 November 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

$523/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$95,500(+13.3%)

Key Takeaway

Homes in Harbor City have sold for 13.3% more than they did a year ago.

Summary: The median home sold price in Harbor City was $815,000 in November 2024, up 13.3% from last year, and the median price per square foot was $523.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $359K$512K
+42.6%
2 $530K$573.5K
+8.2%
3 $749.9K$822K
+9.6%
4 $870K$950K
+9.2%
5+ $1.0M$965K
-8.6%

Summary: Harbor City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.6%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes decreased by 8.6%.

Median Sold Price Compared To Nearby Neighborhoods

Harbor City
+13.3%
San Pedro North
+4.7%
South East Torrance
-1.3%
West Carson
-5.7%

Housing Supply in Harbor City, CA

How many homes are available in Harbor City, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4834-29.2%

Summary: The Harbor City real estate market had 34 homes for sale in November 2024, a 29.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 115
-54.5%
3 2821
-25.0%
4 86
-25.0%
5+ 12
+100.0%

Summary: The Harbor City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 54.5%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1811-38.9%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harbor City, you could pay more than the asking price. 81.8% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Harbor City in November 2024, down by 38.9% month-over-month. Of the 11 sold homes, 18% were sold under asking, 0% were sold at asking, and 82% 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

Nov 2023Nov 2024CHANGE
26 Days24 Days-9.0%

Summary: Homes in Harbor City had an average of 24 days on market in Nov 2024, down by 9% compared to last year.

Breakdown of Home Sale Times

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

Summary: During November 2024, 11 homes were sold in Harbor City; 82% of homes were sold within 30 days, 18% 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 24 Days Ago

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