$10,000 Closing Credit*
$1,695,000
1,524 SqFt
3 Beds
•2 Full Baths
Ryan Brodmann, Listing Office: Compass
Is Midtown, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Midtown has remained a Seller's Market.
Key Takeaway
Midtown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Midtown, CA
How much do homes in Midtown, CA cost?
Median Sold Price
$1,355,000
$788/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$46,000(-3.3%)
Key Takeaway
Homes in Midtown have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in Midtown was $1,355,000 in December 2024, down 3.3% from last year, and the median price per square foot was $788.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $520K | $504.5K | -3.0% |
| 2 Bedrooms | $950K | $1.2M | +30.0% |
| 3 Bedrooms | $1.6M | $1.3M | -18.2% |
| 4 Bedrooms | $2.4M | $2.7M | +11.2% |
| 5+ Bedrooms | $2.3M | $1.8M | -17.8% |
Summary: Midtown housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes decreased by 17.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Mission Hills | $1.7M | $1.8M | +10.5% |
| Midtown | $1.4M | $1.3M | -3.3% |
| Park West | $1.1M | $1.1M | -5.7% |
Housing Supply in Midtown, CA
How many homes are available in Midtown, CA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Midtown real estate market had 14 homes for sale in December 2024, a 7.7% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Midtown housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Midtown, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Midtown in December 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Midtown, CA
How long does it take to sell a home in Midtown, CA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 22 Days | 9 Days | -60.0% |
Summary: Homes in Midtown had an average of 9 days on market in Dec 2024, down by 60% compared to last year.
Breakdown of Home Sale Times
3 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 Midtown are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 3 homes were sold in Midtown; 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.