$3,503 Closing Credit*
$295,000
1 Bed
•1 Full Bath
Heather Stevens, Listing Office: Keller Williams Encino/Sherman Oaks
Is Pico, 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, Pico was a Seller's Market.
Key Takeaway
Pico is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pico, CA
How much do homes in Pico, CA cost?
Median Sold Price
$1,448,000
$860/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$228,000(+18.7%)
Key Takeaway
Homes in Pico have sold for 18.7% more than they did a year ago.
Summary: The median home sold price in Pico was $1,448,000 in October 2024, up 18.7% from last year, and the median price per square foot was $860.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $672.5K | $656K | -2.5% |
| 2 Bedrooms | $1.0M | $1.0M | +0.6% |
| 3 Bedrooms | $1.4M | $1.3M | -6.2% |
| 4 Bedrooms | $1.6M | $2.0M | +28.1% |
| 5+ Bedrooms | $2.2M | $3.1M | +36.4% |
Summary: Pico housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.5%, 2 bedroom homes increased by 0.6%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes increased by 36.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Pico | $1.2M | $1.4M | +18.7% |
| Mid-City | $1.1M | $1.2M | +2.6% |
Housing Supply in Pico, CA
How many homes are available in Pico, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 34 | +21.4% |
Summary: The Pico real estate market had 34 homes for sale in October 2024, a 21.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Pico housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pico, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Pico in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Pico, CA
How long does it take to sell a home in Pico, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 7 Days | -33.6% |
Summary: Homes in Pico had an average of 7 days on market in Oct 2024, down by 33.6% compared to last year.
Breakdown of Home Sale Times
4 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 Pico are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Pico; 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.