Is Avalon, 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, Avalon has remained a Buyer's Market.
Key Takeaway
Avalon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Avalon, CA
How much do homes in Avalon, CA cost?
Median Sold Price
$1,024,495
$876/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Avalon have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Avalon was $1,024,495 in May 2024, down 2.4% from last year, and the median price per square foot was $876.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $774.9K | N/A |
| 2 Bedrooms | $975K | $950K | -2.6% |
| 3 Bedrooms | $912.5K | $1.2M | +41.0% |
| 4 Bedrooms | $1.0M | $875K | -16.7% |
| 5+ Bedrooms | $3.0M | $1.4M | -51.6% |
Summary: Avalon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 41%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 51.6%.
Median Sold Price Compared To Nearby Cities
| Palos Verdes | $1.7M | $1.7M | +1.0% |
| Avalon | $1.0M | $1.0M | -2.4% |
Housing Supply in Avalon, CA
How many homes are available in Avalon, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The Avalon real estate market had 12 homes for sale in May 2024, a 9.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Avalon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Avalon, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Avalon in May 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Avalon, CA
How long does it take to sell a home in Avalon, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 533 Days | 123 Days | -76.9% |
Summary: Homes in Avalon had an average of 123 days on market in May 2024, down by 76.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Avalon are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 1 homes were sold in Avalon; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.