$10,000 Closing Credit*
$2,498,000
1,698 SqFt
3 Beds
•2 Full Baths
Lauren Duffy, Listing Office: Douglas Elliman
Is Mar Vista, 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, Mar Vista has remained a Seller's Market.
Key Takeaway
Mar Vista is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mar Vista, CA
How much do homes in Mar Vista, CA cost?
Median Sold Price
$2,010,000
$1,055/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$70,000(+3.6%)
Key Takeaway
Homes in Mar Vista have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Mar Vista was $2,010,000 in November 2024, up 3.6% from last year, and the median price per square foot was $1,055.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $664K | $1.0M | +58.0% |
| 2 Bedrooms | $1.1M | $1.1M | +9.0% |
| 3 Bedrooms | $1.8M | $1.8M | +1.5% |
| 4 Bedrooms | $2.4M | $2.3M | -4.7% |
| 5+ Bedrooms | $3.0M | $3.4M | +12.9% |
Summary: Mar Vista housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 12.9%.
Housing Supply in Mar Vista, CA
How many homes are available in Mar Vista, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 129 | 110 | -14.7% |
Summary: The Mar Vista real estate market had 110 homes for sale in November 2024, a 14.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 9 | -25.0% |
| 3 Bedrooms | 43 | 32 | -25.6% |
| 4 Bedrooms | 28 | 23 | -17.9% |
| 5+ Bedrooms | 45 | 45 | 0.0% |
Summary: The Mar Vista 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 decreased by 25%, 3 bedroom homes decreased by 25.6%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 20 | -45.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mar Vista, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Mar Vista in November 2024, down by 45.9% month-over-month. Of the 20 sold homes, 75% were sold under asking, 5% were sold at asking, and 20% were sold over asking.
Days on Market for Mar Vista, CA
How long does it take to sell a home in Mar Vista, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 28 Days | +41.4% |
Summary: Homes in Mar Vista had an average of 28 days on market in Nov 2024, up by 41.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mar Vista are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in Mar Vista; 55% of homes were sold within 30 days, 45% 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.