Is Artesia, 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, Artesia has remained a Seller's Market.
Housing Prices in Artesia, CA
How much do homes in Artesia, CA cost?
Median Sold Price
$776,000
$533/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Artesia was $776,000 in May 2024, up 20.3% from last year, and the median price per square foot was $533.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $375K | +7.1% |
2 Bedrooms | $493K | $547.5K | +11.1% |
3 Bedrooms | $727.5K | $775K | +6.5% |
4 Bedrooms | $858K | $907.6K | +5.8% |
5+ Bedrooms | $1.5M | $1.3M | -11.2% |
Summary: Artesia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 11.2%.
Median Sold Price Compared To Nearby Cities
Artesia | $645K | $776K | +20.3% |
Cerritos | $930K | $1.0M | +12.8% |
Downey-Norwalk | $715K | $757.3K | +5.9% |
Norwalk | $675K | $702.6K | +4.1% |
Housing Supply in Artesia, CA
How many homes are available in Artesia, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 22 | +10.0% |
Summary: The Artesia real estate market had 22 homes for sale in May 2024, a 10.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 7 | 11 | +57.1% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Artesia 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 decreased by 25%, 3 bedroom homes increased by 57.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Artesia in May 2024, up by 40.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% were sold over asking.
Days on Market for Artesia, CA
How long does it take to sell a home in Artesia, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 30 Days | +65.6% |
Summary: Homes in Artesia had an average of 30 days on market in May 2024, up by 65.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Artesia; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.