$10,000 Closing Credit*
$999,000
900 SqFt
1 Bed
•1 Full Bath
Adrian Wright, Listing Office: Compass
Is Topanga, 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, Topanga was a Seller's Market.
Key Takeaway
Topanga is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Topanga, CA
How much do homes in Topanga, CA cost?
Median Sold Price
$1,856,000
$890/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$161,500(-8.0%)
Key Takeaway
Homes in Topanga have sold for 8% less than they did a year ago.
Summary: The median home sold price in Topanga was $1,856,000 in November 2024, down 8% from last year, and the median price per square foot was $890.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.3M | $1.1M | -9.0% |
| 2 Bedrooms | $1.5M | $1.2M | -23.0% |
| 3 Bedrooms | $1.5M | $1.6M | +6.8% |
| 4 Bedrooms | $2.5M | $2.5M | -0.1% |
| 5+ Bedrooms | $2.8M | $2.2M | -19.7% |
Summary: Topanga housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9%, 2 bedroom homes decreased by 23%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 19.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Greater Mulwood | $1.5M | $1.7M | +10.3% |
| Topanga | $2.0M | $1.8M | -8.0% |
Housing Supply in Topanga, CA
How many homes are available in Topanga, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 52 | +6.1% |
Summary: The Topanga real estate market had 52 homes for sale in November 2024, a 6.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 19 | 24 | +26.3% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Topanga housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes increased by 26.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 3 | -70.0% |
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 Topanga, 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 Topanga in November 2024, down by 70.0% 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 Topanga, CA
How long does it take to sell a home in Topanga, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 101 Days | +203.5% |
Summary: Homes in Topanga had an average of 101 days on market in Nov 2024, up by 203.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Topanga are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 3 homes were sold in Topanga; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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.