$10,000 Closing Credit*
$1,490,000
2,176 SqFt
2 Beds
•2 Full Baths
Nick Bull, Listing Office: Rodeo Realty
Is Topanga, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Topanga was a Seller's Market.
Key Takeaway
Topanga is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Topanga, CA
How much do homes in Topanga, CA cost?
Median Sold Price
$1,850,000
$871/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$167,500(-8.3%)
Key Takeaway
Homes in Topanga have sold for 8.3% less than they did a year ago.
Summary: The median home sold price in Topanga was $1,850,000 in October 2024, down 8.3% from last year, and the median price per square foot was $871.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.3M | $1.1M | -9.0% |
| 2 Bedrooms | $1.5M | $1.2M | -19.1% |
| 3 Bedrooms | $1.6M | $1.6M | -1.5% |
| 4 Bedrooms | $2.4M | $2.5M | 0.0% |
| 5+ Bedrooms | $2.6M | $2.2M | -12.2% |
Summary: Topanga housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9%, 2 bedroom homes decreased by 19.1%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 12.2%.
Housing Supply in Topanga, CA
How many homes are available in Topanga, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 61 | +19.6% |
Summary: The Topanga real estate market had 61 homes for sale in October 2024, a 19.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Topanga housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Topanga, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Topanga in October 2024, up by 42.9% month-over-month. Of the 10 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Topanga, CA
How long does it take to sell a home in Topanga, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 68 Days | +44.7% |
Summary: Homes in Topanga had an average of 68 days on market in Oct 2024, up by 44.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Topanga are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Topanga; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% 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.