Is Downey-Norwalk, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Downey-Norwalk has remained a Seller's Market.
Housing Prices in Downey-Norwalk, CA
How much do homes in Downey-Norwalk, CA cost?
Median Sold Price
$755,000
$550/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Downey-Norwalk was $755,000 in April 2024, up 4.8% from last year, and the median price per square foot was $550.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $380K | $410.5K | +8.0% |
2 Bedrooms | $580K | $619.1K | +6.7% |
3 Bedrooms | $725K | $755.5K | +4.2% |
4 Bedrooms | $885.1K | $935K | +5.6% |
5+ Bedrooms | $1.1M | $1.2M | +9.3% |
Summary: Downey-Norwalk housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Cities
Bellflower | $702K | $750K | +6.8% |
Downey | $777.3K | $823.3K | +5.9% |
Downey-Norwalk | $720.1K | $755K | +4.8% |
Norwalk | $675K | $700K | +3.7% |
Housing Supply in Downey-Norwalk, CA
How many homes are available in Downey-Norwalk, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
316 | 315 | -0.3% |
Summary: The Downey-Norwalk real estate market had 315 homes for sale in April 2024, a 0.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 11 | +10.0% |
2 Bedrooms | 64 | 73 | +14.1% |
3 Bedrooms | 142 | 136 | -4.2% |
4 Bedrooms | 73 | 66 | -9.6% |
5+ Bedrooms | 27 | 29 | +7.4% |
Summary: The Downey-Norwalk housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 14.1%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes increased by 7.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
98 | 100 | +2.0% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
57 Homes Were Sold
Over Asking
Summary: A total of 100 homes were sold or pending in Downey-Norwalk in April 2024, up by 2.0% month-over-month. Of the 100 sold homes, 26% were sold under asking, 17% were sold at asking, and 57% were sold over asking.
Days on Market for Downey-Norwalk, CA
How long does it take to sell a home in Downey-Norwalk, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 16 Days | -37.1% |
Summary: Homes in Downey-Norwalk had an average of 16 days on market in Apr 2024, down by 37.1% compared to last year.
Breakdown of Home Sale Times
83 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 100 homes were sold in Downey-Norwalk; 83% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.