Is Harvard Park, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harvard Park is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Harvard Park was a Seller's Market.

Key Takeaway

Harvard Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Harvard Park, CA

How much do homes in Harvard Park, CA cost?

Median Sold Price

$650,000

$609/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$35,000(+5.7%)

Key Takeaway

Homes in Harvard Park have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in Harvard Park was $650,000 in November 2024, up 5.7% from last year, and the median price per square foot was $609.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$265K
N/A
2 $520K$575K
+10.6%
3 $675K$710K
+5.2%
4 $670K$715K
+6.7%
5+ $659K$945K
+43.4%

Summary: Harvard Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 43.4%.

Median Sold Price Compared To Nearby Neighborhoods

South LA
+6.8%
Harvard Park
+5.7%
Vermont Square
+1.9%

Housing Supply in Harvard Park, CA

How many homes are available in Harvard Park, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2320-13.0%

Summary: The Harvard Park real estate market had 20 homes for sale in November 2024, a 13.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 66
0.0%
3 66
0.0%
4 64
-33.3%
5+ 32
-33.3%

Summary: The Harvard Park 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harvard Park, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Harvard Park in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Harvard Park, CA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
62 Days48 Days-21.5%

Summary: Homes in Harvard Park had an average of 48 days on market in Nov 2024, down by 21.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Harvard Park has remained consistent over time.

Summary: During November 2024, 3 homes were sold in Harvard Park; 0% of homes were sold within 30 days, 100% 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 21 Days Ago

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