$10,000 Closing Credit*
$2,250,000
Studio
Jill Fischer-Politz, Listing Office: The ONE Luxury Properties
Is Mid-City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Mid-City was a Seller's Market.
Key Takeaway
Mid-City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mid-City, CA
How much do homes in Mid-City, CA cost?
Median Sold Price
$1,297,500
$754/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,500(-0.2%)
Key Takeaway
The sold price of homes in Mid-City has remained the same since last year.
Summary: The median home sold price in Mid-City was $1,297,500 in November 2024, down 0.2% from last year, and the median price per square foot was $754.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $800K | N/A |
| 2 Bedrooms | $1.0M | $1.0M | -1.4% |
| 3 Bedrooms | $1.3M | $1.3M | -0.8% |
| 4 Bedrooms | $1.3M | $1.3M | -0.5% |
| 5+ Bedrooms | $1.6M | $1.6M | -5.2% |
Summary: Mid-City 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 decreased by 1.4%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Faircrest Heights | $1.3M | $1.4M | +7.3% |
| Mid-City | $1.3M | $1.2M | -0.2% |
| Picfair Village | $1.4M | $1.4M | -2.0% |
Housing Supply in Mid-City, CA
How many homes are available in Mid-City, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 102 | 107 | +4.9% |
Summary: The Mid-City real estate market had 107 homes for sale in November 2024, a 4.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 11 | 14 | +27.3% |
| 3 Bedrooms | 32 | 34 | +6.3% |
| 4 Bedrooms | 23 | 23 | 0.0% |
| 5+ Bedrooms | 35 | 36 | +2.9% |
Summary: The Mid-City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 2.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mid-City, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Mid-City in November 2024, the same as the previous month. Of the 14 sold homes, 43% were sold under asking, 7% were sold at asking, and 50% were sold over asking.
Days on Market for Mid-City, CA
How long does it take to sell a home in Mid-City, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 28 Days | +2.7% |
Summary: Homes in Mid-City had an average of 28 days on market in Nov 2024, up by 2.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mid-City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Mid-City; 57% of homes were sold within 30 days, 43% 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.