$3,100,000
3,175 SqFt
4 Beds
•4 Full Baths, 1 Partial
Alli Urguby, Listing Office: eXp Realty of Southern California, Inc.
Is Midtown, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$1,367,500
$778/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$33,500(-2.4%)
Key Takeaway
Homes in Midtown have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Midtown was $1,367,500 in September 2024, down 2.4% from last year, and the median price per square foot was $778.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $520K | $504.5K | -3.0% |
| 2 Bedrooms | $765K | $1.2M | +61.4% |
| 3 Bedrooms | $1.5M | $1.6M | +3.4% |
| 4 Bedrooms | $2.5M | $2.3M | -5.2% |
| 5+ Bedrooms | $2.3M | $1.7M | -23.0% |
Summary: Midtown housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 61.4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 23%.
Median Sold Price Compared To Nearby Neighborhoods
| Mission Hills | $1.6M | $1.8M | +14.3% |
| Midtown | $1.4M | $1.3M | -2.4% |
| Park West | $1.1M | $1.0M | -9.2% |
Housing Supply in Midtown, CA
How many homes are available in Midtown, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 17 | 21 | +23.5% |
Summary: The Midtown real estate market had 21 homes for sale in September 2024, a 23.5% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Midtown housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 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. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Midtown in September 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 6 Days | 40 Days | +570.8% |
Summary: Homes in Midtown had an average of 40 days on market in Sep 2024, up by 570.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 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 September 2024, 4 homes were sold in Midtown; 50% of homes were sold within 30 days, 50% 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.