$10,000 Closing Credit*
$1,190,000
1,360 SqFt
2 Beds
•2 Full Baths
Bo Hyeok Kim, Listing Office: Coldwell Banker Realty
Is Koreatown, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Koreatown has remained a Buyer's Market.
Key Takeaway
Koreatown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Koreatown, CA
How much do homes in Koreatown, CA cost?
Median Sold Price
$780,000
$565/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$60,000(+8.3%)
Key Takeaway
Homes in Koreatown have sold for 8.3% more than they did a month ago.
Summary: The median home sold price in Koreatown was $780,000 in October 2024, up 8.3% from last month, and the median price per square foot was $565.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $360K | N/A |
| 2 Bedrooms | $660K | $675K | +2.3% |
| 3 Bedrooms | $1.1M | $760K | -35.0% |
| 4 Bedrooms | - | $1.2M | N/A |
| 5+ Bedrooms | - | $8.0M | N/A |
Summary: Koreatown housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.3%, 3 bedroom homes decreased by 35%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Koreatown | $720K | $780K | +8.3% |
| Westminster Square | $588K | $602K | +2.4% |
Housing Supply in Koreatown, CA
How many homes are available in Koreatown, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 111 | 134 | +20.7% |
Summary: The Koreatown real estate market had 134 homes for sale in October 2024, a 20.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 15 | +36.4% |
| 2 Bedrooms | 48 | 48 | 0.0% |
| 3 Bedrooms | 20 | 24 | +20.0% |
| 4 Bedrooms | 10 | 15 | +50.0% |
| 5+ Bedrooms | 22 | 32 | +45.5% |
Summary: The Koreatown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 36.4%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Asking Price vs. Sold Price
9 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 Koreatown, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Koreatown in October 2024, down by 6.7% month-over-month. Of the 14 sold homes, 64% were sold under asking, 14% were sold at asking, and 21% were sold over asking.
Days on Market for Koreatown, CA
How long does it take to sell a home in Koreatown, CA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 78 Days | +162.7% |
Summary: Homes in Koreatown had an average of 78 days on market in Oct 2024, up by 162.7% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Koreatown has remained consistent over time.
Summary: During October 2024, 14 homes were sold in Koreatown; 29% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 36% 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.