Is West Whittier-Los Nietos, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Whittier-Los Nietos is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, West Whittier-Los Nietos was a Seller's Market.

Key Takeaway

West Whittier-Los Nietos 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 West Whittier-Los Nietos, CA

How much do homes in West Whittier-Los Nietos, CA cost?

Median Sold Price

$746,500

$573/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$26,500(+3.7%)

Key Takeaway

Homes in West Whittier-Los Nietos have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in West Whittier-Los Nietos was $746,500 in October 2024, up 3.7% from last year, and the median price per square foot was $573.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$680K
N/A
2 $645K$695K
+7.8%
3 $710K$750K
+5.6%
4 $760K$759.5K
-0.1%
5+ $761K$1.2M
+59.0%

Summary: West Whittier-Los Nietos 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 7.8%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 59%.

Median Sold Price Compared To Nearby Neighborhoods

The Southeast
+8.1%
The San Gabriel Valley
+7.5%
West Whittier-Los Nietos
+3.7%
North Whittier
-0.4%

Housing Supply in West Whittier-Los Nietos, CA

How many homes are available in West Whittier-Los Nietos, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2731+14.8%

Summary: The West Whittier-Los Nietos real estate market had 31 homes for sale in October 2024, a 14.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 1618
+12.5%
4 56
+20.0%
5+ 00
0.0%

Summary: The West Whittier-Los Nietos 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 16.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
550.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Whittier-Los Nietos, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in West Whittier-Los Nietos in October 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for West Whittier-Los Nietos, CA

How long does it take to sell a home in West Whittier-Los Nietos, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days29 Days+88.9%

Summary: Homes in West Whittier-Los Nietos had an average of 29 days on market in Oct 2024, up by 88.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Whittier-Los Nietos are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in West Whittier-Los Nietos; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

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