$10,000 Closing Credit*
$1,260,000
1,647 SqFt
3 Beds
•3 Full Baths, 1 Partial
Courtney Pickard, Listing Office: Compass
Is West Adams, 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, West Adams was a Neutral Market.
Key Takeaway
West Adams is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Adams, CA
How much do homes in West Adams, CA cost?
Median Sold Price
$1,065,000
$733/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,000(+6.0%)
Key Takeaway
Homes in West Adams have sold for 6% more than they did a year ago.
Summary: The median home sold price in West Adams was $1,065,000 in November 2024, up 6% from last year, and the median price per square foot was $733.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $650K | - | N/A |
| 2 Bedrooms | $782.5K | $890K | +13.7% |
| 3 Bedrooms | $924K | $950K | +2.8% |
| 4 Bedrooms | $1.4M | $1.3M | -11.9% |
| 5+ Bedrooms | $1.2M | $1.4M | +16.5% |
Summary: West Adams 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 13.7%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes increased by 16.5%.
Median Sold Price Compared To Nearby Neighborhoods
| West Adams | $1.0M | $1.0M | +6.0% |
| Mid-City | $1.3M | $1.2M | -0.2% |
Housing Supply in West Adams, CA
How many homes are available in West Adams, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 59 | +22.9% |
Summary: The West Adams real estate market had 59 homes for sale in November 2024, a 22.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 11 | +83.3% |
| 3 Bedrooms | 22 | 23 | +4.5% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The West Adams 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 increased by 83.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
5 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 West Adams, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in West Adams in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for West Adams, CA
How long does it take to sell a home in West Adams, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 20 Days | -49.3% |
Summary: Homes in West Adams had an average of 20 days on market in Nov 2024, down by 49.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Adams are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in West Adams; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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.