$9,381 Closing Credit*
$790,000
1,274 SqFt
2 Beds
•1 Full Bath
Keith Shimabukuro, Listing Office: Re/Max Tri-City
Is Leimert Park, 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, Leimert Park was a Seller's Market.
Key Takeaway
Leimert 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 Leimert Park, CA
How much do homes in Leimert Park, CA cost?
Median Sold Price
$1,135,000
$652/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$135,000(+13.5%)
Key Takeaway
Homes in Leimert Park have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Leimert Park was $1,135,000 in October 2024, up 13.5% from last year, and the median price per square foot was $652.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $825K | $1.0M | +21.8% |
| 3 Bedrooms | $1.0M | $1.1M | +5.2% |
| 4 Bedrooms | $1.1M | $1.3M | +14.8% |
| 5+ Bedrooms | $1.8M | $1.3M | -29.1% |
Summary: Leimert Park 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 increased by 21.8%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes decreased by 29.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Leimert Park | $1.0M | $1.1M | +13.5% |
| Jefferson Park | $1.0M | $1.0M | +4.2% |
| Vermont Square | $727.5K | $745K | +2.4% |
| Baldwin Heights / Crenshaw | $1.1M | $1.0M | -8.7% |
Housing Supply in Leimert Park, CA
How many homes are available in Leimert Park, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 39 | -2.5% |
Summary: The Leimert Park real estate market had 39 homes for sale in October 2024, a 2.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 18 | 19 | +5.6% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Leimert Park 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 66.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leimert Park, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Leimert Park in October 2024, down by 40.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Leimert Park, CA
How long does it take to sell a home in Leimert Park, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 17 Days | -58.4% |
Summary: Homes in Leimert Park had an average of 17 days on market in Oct 2024, down by 58.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Leimert Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Leimert Park; 100% of homes were sold within 30 days, 0% 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.