$10,000 Closing Credit*
$1,750,000
1,100 SqFt
2 Beds
•2 Full Baths
Dominique Steinberg, Listing Office: Compass
Is Sunset Park, 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, Sunset Park has remained a Seller's Market.
Key Takeaway
Sunset Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sunset Park, CA
How much do homes in Sunset Park, CA cost?
Median Sold Price
$2,023,413
$1,105/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$252,338(+14.2%)
Key Takeaway
Homes in Sunset Park have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Sunset Park was $2,023,413 in October 2024, up 14.2% from last year, and the median price per square foot was $1,105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $615K | $605K | -1.6% |
| 2 Bedrooms | $1.2M | $1.0M | -15.2% |
| 3 Bedrooms | $2.1M | $2.0M | -0.6% |
| 4 Bedrooms | $2.6M | $2.3M | -11.2% |
| 5+ Bedrooms | $2.1M | $3.1M | +50.0% |
Summary: Sunset Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes decreased by 15.2%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes increased by 50%.
Median Sold Price Compared To Nearby Neighborhoods
| Pico | $1.2M | $1.4M | +18.7% |
| Sunset Park | $1.7M | $2.0M | +14.2% |
| East of Lincoln | $2.3M | $2.0M | -10.8% |
Housing Supply in Sunset Park, CA
How many homes are available in Sunset Park, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 39 | -2.5% |
Summary: The Sunset Park real estate market had 39 homes for sale in October 2024, a 2.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Sunset Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 13 | +160.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sunset Park, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Sunset Park in October 2024, up by 160.0% month-over-month. Of the 13 sold homes, 54% were sold under asking, 0% were sold at asking, and 46% were sold over asking.
Days on Market for Sunset Park, CA
How long does it take to sell a home in Sunset Park, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 42 Days | +8.9% |
Summary: Homes in Sunset Park had an average of 42 days on market in Oct 2024, up by 8.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sunset Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Sunset Park; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% 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.