Is Bellflower, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bellflower has remained a Seller's Market.
Housing Prices in Bellflower, CA
How much do homes in Bellflower, CA cost?
Median Sold Price
$760,000
$513/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bellflower was $760,000 in May 2024, up 10.1% from last year, and the median price per square foot was $513.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $640K | $429.5K | -32.9% |
2 Bedrooms | $565.2K | $580K | +2.6% |
3 Bedrooms | $710K | $765K | +7.7% |
4 Bedrooms | $832K | $887K | +6.6% |
5+ Bedrooms | $910K | $1.4M | +54.7% |
Summary: Bellflower housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.9%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 54.7%.
Median Sold Price Compared To Nearby Cities
Cerritos | $930K | $1.0M | +12.8% |
Bellflower | $690K | $760K | +10.1% |
Downey-Norwalk | $715K | $757.3K | +5.9% |
Paramount | $535K | $560K | +4.7% |
Norwalk | $675K | $702.6K | +4.1% |
Housing Supply in Bellflower, CA
How many homes are available in Bellflower, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 44 | +10.0% |
Summary: The Bellflower real estate market had 44 homes for sale in May 2024, a 10.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 14 | +27.3% |
3 Bedrooms | 18 | 16 | -11.1% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Bellflower housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 11 | -15.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Bellflower in May 2024, down by 15.4% month-over-month. Of the 11 sold homes, 27% were sold under asking, 45% were sold at asking, and 27% were sold over asking.
Days on Market for Bellflower, CA
How long does it take to sell a home in Bellflower, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 52 Days | +51.2% |
Summary: Homes in Bellflower had an average of 52 days on market in May 2024, up by 51.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Bellflower; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.