$3,495,000
4,243 SqFt
4 Beds
•4 Full Baths, 2 Partial
Ron Wynn, Listing Office: Compass
Is South Mar Vista, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, South Mar Vista was a Neutral Market.
Key Takeaway
South Mar Vista is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Mar Vista, CA
How much do homes in South Mar Vista, CA cost?
Median Sold Price
$1,542,500
$1,029/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$130,000(-7.8%)
Key Takeaway
Homes in South Mar Vista have sold for 7.8% less than they did a year ago.
Summary: The median home sold price in South Mar Vista was $1,542,500 in November 2024, down 7.8% from last year, and the median price per square foot was $1,029.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $923K | $1.0M | +8.3% |
| 3 Bedrooms | $1.7M | $1.5M | -15.5% |
| 4 Bedrooms | $2.1M | $2.5M | +22.9% |
| 5+ Bedrooms | $1.8M | $4.1M | +121.6% |
Summary: South Mar Vista housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 15.5%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes increased by 121.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Mar Vista | $1.9M | $2.0M | +3.6% |
| South Mar Vista | $1.6M | $1.5M | -7.8% |
Housing Supply in South Mar Vista, CA
How many homes are available in South Mar Vista, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 22 | -8.3% |
Summary: The South Mar Vista real estate market had 22 homes for sale in November 2024, a 8.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The South Mar Vista housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South Mar Vista, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in South Mar Vista in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for South Mar Vista, CA
How long does it take to sell a home in South Mar Vista, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 9 Days | 62 Days | +596.3% |
Summary: Homes in South Mar Vista had an average of 62 days on market in Nov 2024, up by 596.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in South Mar Vista has remained consistent over time.
Summary: During November 2024, 3 homes were sold in South Mar Vista; 0% of homes were sold within 30 days, 100% 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.