$10,000 Closing Credit*
$2,500,000
6,080 SqFt
10 Beds
•8 Baths
Steven Foonberg, Listing Office: Westside Realty Group
Is Wilshire / Montana, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Wilshire / Montana has remained a Seller's Market.
Key Takeaway
Wilshire / Montana is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wilshire / Montana, CA
How much do homes in Wilshire / Montana, CA cost?
Median Sold Price
$1,668,000
$1,053/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$145,500(+9.6%)
Key Takeaway
Homes in Wilshire / Montana have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Wilshire / Montana was $1,668,000 in October 2024, up 9.6% from last year, and the median price per square foot was $1,053.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $703K | $796.7K | +13.3% |
| 2 Bedrooms | $1.4M | $1.5M | +6.3% |
| 3 Bedrooms | $1.9M | $1.9M | +2.1% |
| 4 Bedrooms | $933.9K | $2.5M | +178.3% |
| 5+ Bedrooms | $4.3M | $4.3M | -1.9% |
Summary: Wilshire / Montana housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 178.3%, and 5+ bedroom homes decreased by 1.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Wilshire / Montana | $1.5M | $1.6M | +9.6% |
| North of Montana | $4.3M | $4.4M | +1.2% |
| The Palisades | $2.9M | $2.1M | -28.2% |
Housing Supply in Wilshire / Montana, CA
How many homes are available in Wilshire / Montana, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 82 | +24.2% |
Summary: The Wilshire / Montana real estate market had 82 homes for sale in October 2024, a 24.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 31 | 38 | +22.6% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 11 | 18 | +63.6% |
Summary: The Wilshire / Montana 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 22.6%, 3 bedroom homes increased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 63.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 19 | +111.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wilshire / Montana, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Wilshire / Montana in October 2024, up by 111.1% month-over-month. Of the 19 sold homes, 63% were sold under asking, 21% were sold at asking, and 16% were sold over asking.
Days on Market for Wilshire / Montana, CA
How long does it take to sell a home in Wilshire / Montana, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 45 Days | +105.0% |
Summary: Homes in Wilshire / Montana had an average of 45 days on market in Oct 2024, up by 105% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wilshire / Montana are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in Wilshire / Montana; 58% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 16% 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.