$10,000 Closing Credit*
$1,075,000
Kerie Edmead, Listing Office: Berkshire Hathaway HomeServices California Properties
Is Signal Hill, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Signal Hill has remained a Seller's Market.
Key Takeaway
Signal Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Signal Hill, CA
How much do homes in Signal Hill, CA cost?
Median Sold Price
$627,500
$496/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$500(-0.1%)
Key Takeaway
The sold price of homes in Signal Hill has remained the same since last year.
Summary: The median home sold price in Signal Hill was $627,500 in October 2024, down 0.1% from last year, and the median price per square foot was $496.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $432K | $414.9K | -3.9% |
| 2 Bedrooms | $575K | $601.2K | +4.6% |
| 3 Bedrooms | $786K | $860K | +9.4% |
| 4 Bedrooms | $1.2M | $1.2M | -1.7% |
| 5+ Bedrooms | $1.5M | $790K | -50.0% |
Summary: Signal Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.9%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 50%.
Median Sold Price Compared To Nearby Cities
| Long Beach | $761.7K | $824.6K | +8.3% |
| Long Beach-Lakewood | $775.3K | $830.8K | +7.2% |
| Signal Hill | $628K | $627.5K | -0.1% |
Housing Supply in Signal Hill, CA
How many homes are available in Signal Hill, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 30 | -14.3% |
Summary: The Signal Hill real estate market had 30 homes for sale in October 2024, a 14.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 20 | 19 | -5.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Signal Hill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Signal Hill, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Signal Hill in October 2024, down by 22.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for Signal Hill, CA
How long does it take to sell a home in Signal Hill, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 45 Days | -25.4% |
Summary: Homes in Signal Hill had an average of 45 days on market in Oct 2024, down by 25.4% compared to last year.
Breakdown of Home Sale Times
3 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 Signal Hill are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Signal Hill; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% 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.