$10,000 Closing Credit*
$899,000
1,276 SqFt
2 Beds
•2 Full Baths
Sophie Dragg, Listing Office: Compass
Is Park West, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Park West was a Seller's Market.
Key Takeaway
Park West is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Park West, CA
How much do homes in Park West, CA cost?
Median Sold Price
$1,117,450
$800/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$67,550(-5.7%)
Key Takeaway
Homes in Park West have sold for 5.7% less than they did a year ago.
Summary: The median home sold price in Park West was $1,117,450 in December 2024, down 5.7% from last year, and the median price per square foot was $800.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $627K | $641K | +2.2% |
| 2 Bedrooms | $1.0M | $1.0M | -6.5% |
| 3 Bedrooms | $1.5M | $2.0M | +32.8% |
| 4 Bedrooms | $2.0M | $3.8M | +88.1% |
| 5+ Bedrooms | $4.3M | $1.9M | -55.2% |
Summary: Park West housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 32.8%, 4 bedroom homes increased by 88.1%, and 5+ bedroom homes decreased by 55.2%.
Housing Supply in Park West, CA
How many homes are available in Park West, CA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 30 | 30 | 0.0% |
Summary: The Park West real estate market had 30 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Park West 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 decreased by 6.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
5 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 Park West, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Park West in December 2024, down by 37.5% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Park West, CA
How long does it take to sell a home in Park West, CA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 39 Days | 60 Days | +52.9% |
Summary: Homes in Park West had an average of 60 days on market in Dec 2024, up by 52.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Park West has remained consistent over time.
Summary: During December 2024, 5 homes were sold in Park West; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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.