$10,000 Closing Credit*
$1,345,000
1,359 SqFt
4 Beds
•3 Full Baths, 1 Partial
Linda Mendoza Razo, Listing Office: Homesmart Evergreen Realty
Is Larchmont, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Larchmont was a Seller's Market.
Key Takeaway
Larchmont 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 Larchmont, CA
How much do homes in Larchmont, CA cost?
Median Sold Price
$1,470,000
$760/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$283,000(-16.1%)
Key Takeaway
Homes in Larchmont have sold for 16.1% less than they did a year ago.
Summary: The median home sold price in Larchmont was $1,470,000 in October 2024, down 16.1% from last year, and the median price per square foot was $760.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.1M | $790K | -32.8% |
| 3 Bedrooms | $1.8M | $1.5M | -17.8% |
| 4 Bedrooms | $2.9M | $1.8M | -36.9% |
| 5+ Bedrooms | $2.1M | $3.0M | +41.9% |
Summary: Larchmont housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 32.8%, 3 bedroom homes decreased by 17.8%, 4 bedroom homes decreased by 36.9%, and 5+ bedroom homes increased by 41.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Larchmont Heights | $2.0M | $1.9M | -1.3% |
| Larchmont | $1.7M | $1.4M | -16.1% |
Housing Supply in Larchmont, CA
How many homes are available in Larchmont, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 32 | 0.0% |
Summary: The Larchmont real estate market had 32 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Larchmont 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 16.7%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Larchmont, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Larchmont in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Larchmont, CA
How long does it take to sell a home in Larchmont, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 30 Days | -34.3% |
Summary: Homes in Larchmont had an average of 30 days on market in Oct 2024, down by 34.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Larchmont are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Larchmont; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% 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.