Is Watts, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Watts is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Watts has remained a Seller's Market.

Key Takeaway

Watts is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Watts, CA

How much do homes in Watts, CA cost?

Median Sold Price

$585,000

$488/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$50,000(+9.3%)

Key Takeaway

Homes in Watts have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in Watts was $585,000 in November 2024, up 9.3% from last year, and the median price per square foot was $488.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $500K-
N/A
2 $489.5K$547.4K
+11.8%
3 $540K$580K
+7.4%
4 $605K$615K
+1.7%
5+ $682.5K$699K
+2.4%

Summary: Watts 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 11.8%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 2.4%.

Median Sold Price Compared To Nearby Neighborhoods

Watts
+9.3%
Willowbrook
+7.7%
South LA
+6.8%
Green Meadows
+6.1%

Housing Supply in Watts, CA

How many homes are available in Watts, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3137+19.4%

Summary: The Watts real estate market had 37 homes for sale in November 2024, a 19.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 77
0.0%
3 1215
+25.0%
4 69
+50.0%
5+ 66
0.0%

Summary: The Watts 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 increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
39+200.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Watts, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Watts in November 2024, up by 200.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.

Days on Market for Watts, CA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
113 Days112 Days-0.9%

Summary: Homes in Watts had an average of 112 days on market in Nov 2024, down by 0.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 9 homes were sold in Watts; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% 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 22 Days Ago

Newest Listings in Watts, CA

Nearby Markets to Watts, CA