$10,000 Closing Credit*
$1,525,000
Natalie Alchadeff, Listing Office: Equity Union
Is Mid-Wilshire, 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-Wilshire was a Seller's Market.
Key Takeaway
Mid-Wilshire is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mid-Wilshire, CA
How much do homes in Mid-Wilshire, CA cost?
Median Sold Price
$1,622,500
$689/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$160,000(+10.9%)
Key Takeaway
Homes in Mid-Wilshire have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Mid-Wilshire was $1,622,500 in November 2024, up 10.9% from last year, and the median price per square foot was $689.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $525K | $565K | +7.6% |
| 2 Bedrooms | $955K | $895.7K | -6.2% |
| 3 Bedrooms | $1.4M | $1.6M | +10.0% |
| 4 Bedrooms | $1.7M | $1.7M | +1.7% |
| 5+ Bedrooms | $1.9M | $2.2M | +15.5% |
Summary: Mid-Wilshire housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 15.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Miracle Mile | $1.5M | $1.7M | +14.2% |
| Mid-Wilshire | $1.4M | $1.6M | +10.9% |
Housing Supply in Mid-Wilshire, CA
How many homes are available in Mid-Wilshire, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 84 | 82 | -2.4% |
Summary: The Mid-Wilshire real estate market had 82 homes for sale in November 2024, a 2.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 23 | 16 | -30.4% |
| 4 Bedrooms | 17 | 21 | +23.5% |
| 5+ Bedrooms | 28 | 28 | 0.0% |
Summary: The Mid-Wilshire 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 7.7%, 3 bedroom homes decreased by 30.4%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 11 | -35.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mid-Wilshire, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Mid-Wilshire in November 2024, down by 35.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for Mid-Wilshire, CA
How long does it take to sell a home in Mid-Wilshire, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 73 Days | 21 Days | -70.3% |
Summary: Homes in Mid-Wilshire had an average of 21 days on market in Nov 2024, down by 70.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mid-Wilshire are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Mid-Wilshire; 73% of homes were sold within 30 days, 27% 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.