Is Pico Rivera, 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, Pico Rivera has remained a Seller's Market.
Housing Prices in Pico Rivera, CA
How much do homes in Pico Rivera, CA cost?
Median Sold Price
$710,000
$561/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pico Rivera was $710,000 in May 2024, up 4.8% from last year, and the median price per square foot was $561.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $400.5K | N/A |
2 Bedrooms | $628K | $640K | +1.9% |
3 Bedrooms | $680K | $719K | +5.7% |
4 Bedrooms | $745K | $750K | +0.7% |
5+ Bedrooms | $717.5K | $780K | +8.7% |
Summary: Pico Rivera housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Cities
Southwest San Gabriel Valley | $808.5K | $866.6K | +7.2% |
Santa Fe Springs | $700K | $735K | +5.0% |
Pico Rivera | $677.5K | $710K | +4.8% |
Whittier | $756.5K | $790K | +4.4% |
Montebello | $726.1K | $750K | +3.3% |
Housing Supply in Pico Rivera, CA
How many homes are available in Pico Rivera, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 53 | +12.8% |
Summary: The Pico Rivera real estate market had 53 homes for sale in May 2024, a 12.8% 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 | 9 | 11 | +22.2% |
3 Bedrooms | 27 | 31 | +14.8% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Pico Rivera 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 22.2%, 3 bedroom homes increased by 14.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 15 | +36.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Pico Rivera in May 2024, up by 36.4% month-over-month. Of the 15 sold homes, 13% were sold under asking, 7% were sold at asking, and 80% were sold over asking.
Days on Market for Pico Rivera, CA
How long does it take to sell a home in Pico Rivera, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 14 Days | -18.0% |
Summary: Homes in Pico Rivera had an average of 14 days on market in May 2024, down by 18% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Pico Rivera; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.