$10,000 Closing Credit*
$2,499,999
Varouge Mesrobian, Listing Office: Engel & Volkers Pasadena
Is Sawtelle, 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, Sawtelle has remained a Seller's Market.
Key Takeaway
Sawtelle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sawtelle, CA
How much do homes in Sawtelle, CA cost?
Median Sold Price
$1,284,000
$736/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$16,500(+1.3%)
Key Takeaway
Homes in Sawtelle have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Sawtelle was $1,284,000 in December 2024, up 1.3% from last year, and the median price per square foot was $736.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $591.2K | $610K | +3.2% |
| 2 Bedrooms | $1.0M | $1.0M | +7.5% |
| 3 Bedrooms | $1.3M | $1.4M | +6.0% |
| 4 Bedrooms | $1.9M | $2.1M | +12.6% |
| 5+ Bedrooms | $2.6M | $2.5M | -1.0% |
Summary: Sawtelle housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Neighborhoods
| North Westdale | $1.4M | $1.4M | +3.7% |
| Sawtelle | $1.2M | $1.2M | +1.3% |
| Little Tokyo West | $1.0M | $985K | -4.8% |
Housing Supply in Sawtelle, CA
How many homes are available in Sawtelle, CA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 114 | 115 | +0.9% |
Summary: The Sawtelle real estate market had 115 homes for sale in December 2024, a 0.9% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 57 | 54 | -5.3% |
| 3 Bedrooms | 31 | 33 | +6.5% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Sawtelle housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 14 | 26 | +85.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sawtelle, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Sawtelle in December 2024, up by 85.7% month-over-month. Of the 26 sold homes, 62% were sold under asking, 4% were sold at asking, and 35% were sold over asking.
Days on Market for Sawtelle, CA
How long does it take to sell a home in Sawtelle, CA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 41 Days | 35 Days | -14.4% |
Summary: Homes in Sawtelle had an average of 35 days on market in Dec 2024, down by 14.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sawtelle are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 26 homes were sold in Sawtelle; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% 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.