Is The Southeast, 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, The Southeast has remained a Seller's Market.
Housing Prices in The Southeast, CA
How much do homes in The Southeast, CA cost?
Median Sold Price
$728,921
$543/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in The Southeast was $728,921 in May 2024, up 6.4% from last year, and the median price per square foot was $543.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $405.5K | $400.5K | -1.2% |
2 Bedrooms | $570K | $600K | +5.3% |
3 Bedrooms | $699.6K | $735.6K | +5.1% |
4 Bedrooms | $800K | $840.1K | +5.0% |
5+ Bedrooms | $990K | $1.1M | +15.7% |
Summary: The Southeast housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 15.7%.
Median Sold Price Compared To Nearby Neighborhoods
South Whittier | $722.4K | $775K | +7.3% |
West Whittier-Los Nietos | $700K | $750K | +7.1% |
The Southeast | $685.2K | $728.9K | +6.4% |
East Compton | $632.5K | $610K | -3.6% |
Housing Supply in The Southeast, CA
How many homes are available in The Southeast, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
879 | 931 | +5.9% |
Summary: The The Southeast real estate market had 931 homes for sale in May 2024, a 5.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 16 | +23.1% |
2 Bedrooms | 189 | 201 | +6.3% |
3 Bedrooms | 434 | 450 | +3.7% |
4 Bedrooms | 166 | 179 | +7.8% |
5+ Bedrooms | 77 | 85 | +10.4% |
Summary: The The Southeast housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 10.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
256 | 254 | -0.8% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
39 Homes Were Sold
At Asking
160 Homes Were Sold
Over Asking
Summary: A total of 254 homes were sold or pending in The Southeast in May 2024, down by 0.8% month-over-month. Of the 254 sold homes, 22% were sold under asking, 15% were sold at asking, and 63% were sold over asking.
Days on Market for The Southeast, CA
How long does it take to sell a home in The Southeast, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 25 Days | -12.9% |
Summary: Homes in The Southeast had an average of 25 days on market in May 2024, down by 12.9% compared to last year.
Breakdown of Home Sale Times
199 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During May 2024, 254 homes were sold in The Southeast; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.