$10,000 Closing Credit*
$1,750,000
5,908 SqFt
8 Beds
•8 Baths
Jerome McAlpin, Listing Office: McAlpin & Company
Is Leimert Park, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Leimert Park has remained a Seller's Market.
Key Takeaway
Leimert Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Leimert Park, CA
How much do homes in Leimert Park, CA cost?
Median Sold Price
$1,150,000
$661/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$124,500(+12.1%)
Key Takeaway
Homes in Leimert Park have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Leimert Park was $1,150,000 in November 2024, up 12.1% from last year, and the median price per square foot was $661.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $837.5K | $1.0M | +20.0% |
| 3 Bedrooms | $1.0M | $1.1M | +5.7% |
| 4 Bedrooms | $1.1M | $1.3M | +18.7% |
| 5+ Bedrooms | $1.8M | $1.4M | -23.8% |
Summary: Leimert 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 20%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes decreased by 23.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Leimert Park | $1.0M | $1.1M | +12.1% |
| Vermont Square | $735K | $748.7K | +1.9% |
| Jefferson Park | $1.0M | $1.0M | 0.0% |
| Baldwin Heights / Crenshaw | $1.1M | $1.0M | -6.9% |
Housing Supply in Leimert Park, CA
How many homes are available in Leimert Park, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 38 | +2.7% |
Summary: The Leimert Park real estate market had 38 homes for sale in November 2024, a 2.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Leimert 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 increased by 200%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leimert Park, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Leimert Park in November 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 91 Days | +129.5% |
Summary: Homes in Leimert Park had an average of 91 days on market in Nov 2024, up by 129.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Leimert Park has remained consistent over time.
Summary: During November 2024, 7 homes were sold in Leimert Park; 14% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 29% 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.