Is Santa Fe Springs, 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, Santa Fe Springs has remained a Seller's Market.
Housing Prices in Santa Fe Springs, CA
How much do homes in Santa Fe Springs, CA cost?
Median Sold Price
$731,029
$492/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Santa Fe Springs was $731,029 in April 2024, up 4.4% from last year, and the median price per square foot was $492.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $605K | $598K | -1.2% |
3 Bedrooms | $700K | $730K | +4.3% |
4 Bedrooms | $757K | $779K | +2.9% |
5+ Bedrooms | $830K | $872.5K | +5.1% |
Summary: Santa Fe Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
Downey-Norwalk | $720.1K | $755K | +4.8% |
La Mirada | $804.8K | $842.7K | +4.7% |
Santa Fe Springs | $700K | $731K | +4.4% |
Norwalk | $675K | $700K | +3.7% |
Whittier | $760K | $780K | +2.6% |
Housing Supply in Santa Fe Springs, CA
How many homes are available in Santa Fe Springs, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 19 | +5.6% |
Summary: The Santa Fe Springs real estate market had 19 homes for sale in April 2024, a 5.6% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Santa Fe Springs 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 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Santa Fe Springs in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for Santa Fe Springs, CA
How long does it take to sell a home in Santa Fe Springs, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 10 Days | -75.1% |
Summary: Homes in Santa Fe Springs had an average of 10 days on market in Apr 2024, down by 75.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Santa Fe Springs; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.