$3,750,000
5,739 SqFt
5 Beds
•5 Baths
Adam Rosenfeld, Listing Office: The Agency
Is Norma Triangle, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Norma Triangle was a Seller's Market.
Key Takeaway
Norma Triangle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Norma Triangle, CA
How much do homes in Norma Triangle, CA cost?
Median Sold Price
$959,350
$847/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$140,150(-12.7%)
Key Takeaway
Homes in Norma Triangle have sold for 12.7% less than they did a year ago.
Summary: The median home sold price in Norma Triangle was $959,350 in October 2024, down 12.7% from last year, and the median price per square foot was $847.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $690K | $651K | -5.7% |
| 2 Bedrooms | $1.1M | $975K | -16.3% |
| 3 Bedrooms | $2.0M | $1.5M | -26.1% |
| 4 Bedrooms | $1.4M | - | N/A |
| 5+ Bedrooms | $4.0M | $2.5M | -37.8% |
Summary: Norma Triangle housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes decreased by 16.3%, 3 bedroom homes decreased by 26.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 37.8%.
Median Sold Price Compared To Nearby Neighborhoods
| West Hollywood Heights | $962.5K | $1.1M | +14.9% |
| Tri-West | $1.2M | $1.4M | +14.4% |
| Center City | $890K | $907.5K | +2.0% |
| Central LA | $1.3M | $1.3M | -1.2% |
| Norma Triangle | $1.0M | $959.3K | -12.7% |
Housing Supply in Norma Triangle, CA
How many homes are available in Norma Triangle, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 50 | +19.0% |
Summary: The Norma Triangle real estate market had 50 homes for sale in October 2024, a 19.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 14 | +27.3% |
| 2 Bedrooms | 18 | 20 | +11.1% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Norma Triangle housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norma Triangle, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Norma Triangle in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Norma Triangle, CA
How long does it take to sell a home in Norma Triangle, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 107 Days | 34 Days | -68.1% |
Summary: Homes in Norma Triangle had an average of 34 days on market in Oct 2024, down by 68.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Norma Triangle are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Norma Triangle; 67% of homes were sold within 30 days, 33% 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.