Is Compton, 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, Compton has remained a Seller's Market.
Housing Prices in Compton, CA
How much do homes in Compton, CA cost?
Median Sold Price
$600,000
$530/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Compton was $600,000 in May 2024, up 3.4% from last year, and the median price per square foot was $530.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $430K | $390K | -9.3% |
2 Bedrooms | $531K | $550K | +3.6% |
3 Bedrooms | $600K | $625K | +4.2% |
4 Bedrooms | $652.5K | $662.5K | +1.5% |
5+ Bedrooms | $699K | $800K | +14.4% |
Summary: Compton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.3%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 14.4%.
Median Sold Price Compared To Nearby Cities
Downey-Norwalk | $715K | $757.3K | +5.9% |
Paramount | $535K | $560K | +4.7% |
Carson | $719.9K | $747.6K | +3.8% |
Compton | $580K | $600K | +3.4% |
Housing Supply in Compton, CA
How many homes are available in Compton, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
143 | 149 | +4.2% |
Summary: The Compton real estate market had 149 homes for sale in May 2024, a 4.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 39 | 42 | +7.7% |
3 Bedrooms | 72 | 72 | 0.0% |
4 Bedrooms | 20 | 25 | +25.0% |
5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Compton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 7.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
39 | 36 | -7.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Compton in May 2024, down by 7.7% month-over-month. Of the 36 sold homes, 22% were sold under asking, 8% were sold at asking, and 69% were sold over asking.
Days on Market for Compton, CA
How long does it take to sell a home in Compton, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
54 Days | 37 Days | -30.7% |
Summary: Homes in Compton had an average of 37 days on market in May 2024, down by 30.7% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 36 homes were sold in Compton; 69% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.