$10,000 Closing Credit*
$849,900
1,136 SqFt
3 Beds
•2 Full Baths
Kaitlin Zemet, Listing Office: Coldwell Banker Realty
Is West Adams, 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, West Adams was a Seller's 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
$1,050,000
$715/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in West Adams has remained the same since last year.
Summary: The median home sold price in West Adams was $1,050,000 in October 2024, the same as last year, and the median price per square foot was $715.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $650K | N/A |
| 2 Bedrooms | $830K | $870K | +4.8% |
| 3 Bedrooms | $950K | $935K | -1.6% |
| 4 Bedrooms | $1.4M | $1.3M | -10.2% |
| 5+ Bedrooms | $1.2M | $1.4M | +14.5% |
Summary: West Adams housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes increased by 14.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Mid-City | $1.3M | $1.3M | 0.2% |
| West Adams | $1.0M | $1.0M | 0.0% |
Housing Supply in West Adams, CA
How many homes are available in West Adams, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 53 | +12.8% |
Summary: The West Adams real estate market had 53 homes for sale in October 2024, a 12.8% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 19 | 21 | +10.5% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The West Adams 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 remained the same, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Adams, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in West Adams in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 17 Days | -61.1% |
Summary: Homes in West Adams had an average of 17 days on market in Oct 2024, down by 61.1% compared to last year.
Breakdown of Home Sale Times
3 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 October 2024, 4 homes were sold in West Adams; 75% of homes were sold within 30 days, 25% 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.