Is Walnut, 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, Walnut has remained a Seller's Market.
Housing Prices in Walnut, CA
How much do homes in Walnut, CA cost?
Median Sold Price
$1,100,000
$561/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Summary: The median home sold price in Walnut was $1,100,000 in May 2024, the same as 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 | $300K | $289.5K | -3.5% |
2 Bedrooms | $617.5K | $575K | -6.9% |
3 Bedrooms | $947.5K | $945K | -0.3% |
4 Bedrooms | $1.1M | $1.2M | +3.5% |
5+ Bedrooms | $1.5M | $1.6M | +6.4% |
Summary: Walnut housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
West Covina | $756.6K | $800K | +5.7% |
Pomona | $614.2K | $645K | +5.0% |
East San Gabriel Valley | $743.2K | $779.7K | +4.9% |
Walnut | $1.1M | $1.1M | 0.0% |
Housing Supply in Walnut, CA
How many homes are available in Walnut, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
66 | 88 | +33.3% |
Summary: The Walnut real estate market had 88 homes for sale in May 2024, a 33.3% 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 | 2 | 4 | +100.0% |
3 Bedrooms | 9 | 22 | +144.4% |
4 Bedrooms | 35 | 37 | +5.7% |
5+ Bedrooms | 19 | 24 | +26.3% |
Summary: The Walnut 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 100%, 3 bedroom homes increased by 144.4%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 26.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 18 | +5.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Walnut in May 2024, up by 5.9% month-over-month. Of the 18 sold homes, 28% were sold under asking, 11% were sold at asking, and 61% were sold over asking.
Days on Market for Walnut, CA
How long does it take to sell a home in Walnut, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 15 Days | +74.7% |
Summary: Homes in Walnut had an average of 15 days on market in May 2024, up by 74.7% compared to last year.
Breakdown of Home Sale Times
16 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, 18 homes were sold in Walnut; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.