$9,251 Closing Credit*
$779,000
1,902 SqFt
3 Beds
•2 Full Baths
Karon Reese, Listing Office: Reese & Company Real Estate, LLC
Is West Riverside, LA 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, West Riverside has remained a Seller's Market.
Key Takeaway
West Riverside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Riverside, LA
How much do homes in West Riverside, LA cost?
Median Sold Price
$613,750
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$36,250(-5.6%)
Key Takeaway
Homes in West Riverside have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in West Riverside was $613,750 in October 2024, down 5.6% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199K | $293.8K | +47.6% |
| 2 Bedrooms | $435.7K | $432.5K | -0.8% |
| 3 Bedrooms | $770K | $649K | -15.7% |
| 4 Bedrooms | $650K | $772K | +18.8% |
| 5+ Bedrooms | $845K | $812.5K | -3.8% |
Summary: West Riverside housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.6%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Neighborhoods
| East Riverside | $525K | $545K | +3.8% |
| Audubon | $753.2K | $777.5K | +3.2% |
| West Riverside | $650K | $613.7K | -5.6% |
| Uptown | $713.5K | $622.5K | -12.8% |
Housing Supply in West Riverside, LA
How many homes are available in West Riverside, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 47 | +34.3% |
Summary: The West Riverside real estate market had 47 homes for sale in October 2024, a 34.3% 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 | 11 | 13 | +18.2% |
| 3 Bedrooms | 8 | 12 | +50.0% |
| 4 Bedrooms | 8 | 13 | +62.5% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The West Riverside 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 18.2%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 12 | +100.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Riverside, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in West Riverside in October 2024, up by 100.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% were sold over asking.
Days on Market for West Riverside, LA
How long does it take to sell a home in West Riverside, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 103 Days | +94.3% |
Summary: Homes in West Riverside had an average of 103 days on market in Oct 2024, up by 94.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Riverside are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in West Riverside; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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