Is Channel Islands, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Channel Islands has remained a Seller's Market.
Housing Prices in Channel Islands, CA
How much do homes in Channel Islands, CA cost?
Median Sold Price
$1,320,000
$525/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Channel Islands was $1,320,000 in April 2024, down 2.9% from last year, and the median price per square foot was $525.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $535K | $490.7K | -8.3% |
2 Bedrooms | $1.0M | $872.5K | -13.2% |
3 Bedrooms | $1.6M | $1.7M | +7.1% |
4 Bedrooms | $2.2M | $1.8M | -14.5% |
5+ Bedrooms | $1.5M | $1.4M | -9.6% |
Summary: Channel Islands housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.3%, 2 bedroom homes decreased by 13.2%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes decreased by 9.6%.
Median Sold Price Compared To Nearby Neighborhoods
Hollywood By The Sea | $1.0M | $1.4M | +30.8% |
Via West | $698K | $698K | 0.0% |
Sea View Estates | $710K | $705K | -0.7% |
Channel Islands | $1.3M | $1.3M | -2.9% |
Housing Supply in Channel Islands, CA
How many homes are available in Channel Islands, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 28 | +12.0% |
Summary: The Channel Islands real estate market had 28 homes for sale in April 2024, a 12.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 7 | 9 | +28.6% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Channel Islands housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Channel Islands in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Channel Islands, CA
How long does it take to sell a home in Channel Islands, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
8 Days | 36 Days | +317.1% |
Summary: Homes in Channel Islands had an average of 36 days on market in Apr 2024, up by 317.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Channel Islands; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.