$9,144 Closing Credit*
$770,000
1,268 SqFt
2 Beds
•2 Full Baths
L. Katie Machado, Listing Office: Coldwell Banker Realty
Is Playa del Rey, 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, Playa del Rey has remained a Seller's Market.
Key Takeaway
Playa del Rey is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Playa del Rey, CA
How much do homes in Playa del Rey, CA cost?
Median Sold Price
$895,000
$735/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$24,000(-2.6%)
Key Takeaway
Homes in Playa del Rey have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Playa del Rey was $895,000 in December 2024, down 2.6% from last year, and the median price per square foot was $735.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $619.3K | $540K | -12.8% |
| 2 Bedrooms | $860K | $835K | -2.9% |
| 3 Bedrooms | $1.5M | $1.1M | -29.6% |
| 4 Bedrooms | $2.4M | $1.9M | -21.1% |
| 5+ Bedrooms | $2.4M | $3.3M | +37.5% |
Summary: Playa del Rey housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.8%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 29.6%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes increased by 37.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Westchester | $1.4M | $1.4M | 0.4% |
| Playa Vista | $1.3M | $1.3M | -2.4% |
| Playa del Rey | $919K | $895K | -2.6% |
| Venice | $2.0M | $1.9M | -3.8% |
| Marina Del Rey | $637.5K | $592.5K | -7.1% |
Housing Supply in Playa del Rey, CA
How many homes are available in Playa del Rey, CA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 50 | 51 | +2.0% |
Summary: The Playa del Rey real estate market had 51 homes for sale in December 2024, a 2.0% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 22 | 24 | +9.1% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Playa del Rey 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 increased by 9.1%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Playa del Rey, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Playa del Rey in December 2024, up by 66.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Playa del Rey, CA
How long does it take to sell a home in Playa del Rey, CA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 44 Days | 42 Days | -6.5% |
Summary: Homes in Playa del Rey had an average of 42 days on market in Dec 2024, down by 6.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Playa del Rey are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 10 homes were sold in Playa del Rey; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% 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.