Is Vermont Square, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vermont Square is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Vermont Square was a Seller's Market.

Key Takeaway

Vermont Square 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 Vermont Square, CA

How much do homes in Vermont Square, CA cost?

Median Sold Price

$745,000

$485/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,500(+2.4%)

Key Takeaway

Homes in Vermont Square have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Vermont Square was $745,000 in October 2024, up 2.4% from last year, and the median price per square foot was $485.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $384K$335K
-12.8%
2 $668K$625.6K
-6.3%
3 $715K$745K
+4.2%
4 $790K$760K
-3.8%
5+ $850K$1.1M
+29.7%

Summary: Vermont Square housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.8%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 29.7%.

Housing Supply in Vermont Square, CA

How many homes are available in Vermont Square, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7073+4.3%

Summary: The Vermont Square real estate market had 73 homes for sale in October 2024, a 4.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1012
+20.0%
3 2524
-4.0%
4 1315
+15.4%
5+ 2020
0.0%

Summary: The Vermont Square 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 20%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1312-7.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vermont Square, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in Vermont Square in October 2024, down by 7.7% month-over-month. Of the 12 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for Vermont Square, CA

How long does it take to sell a home in Vermont Square, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days47 Days+47.0%

Summary: Homes in Vermont Square had an average of 47 days on market in Oct 2024, up by 47% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Vermont Square are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in Vermont Square; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Vermont Square, CA

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