Housing Prices in South Gate, CA
How much do homes in South Gate, CA cost?
Median List Price
$646,000
$519/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Key Takeaway
The list price of homes in South Gate has increased by 7.7% since last year.
Summary: The median home list price in South Gate was $646,000 in May 2024, up 7.7% from the previous year, and the median price per square foot was $519.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $449K | - | N/A |
| 2 Bedrooms | $572K | $599.9K | +4.9% |
| 3 Bedrooms | $625K | $650K | +4.0% |
| 4 Bedrooms | $687K | $709.9K | +3.3% |
| 5+ Bedrooms | $825K | $1.2M | +57.0% |
Summary: South Gate 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 increased by 4.9%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 57%.
Median List Price Compared To Nearby Cities
| South Gate-East Los Angeles | $599.9K | $649K | +8.2% |
| South Gate | $600K | $646K | +7.7% |
| Lynwood | $624.9K | $665K | +6.4% |
| Bell Gardens | $677K | $660K | -2.5% |
Housing Supply in South Gate, CA
How many homes are available in South Gate, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 30 | 0.0% |
Summary: The South Gate real estate market had 30 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 10 | -23.1% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The South Gate 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 23.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Days on Market for South Gate, CA
How long does it take to sell a home in South Gate, CA?
Average Listing Age
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 101 Days | 50 Days | -50.2% |
Summary: Homes in South Gate had an average listing age of 50 days in May 2024, down by 50.2% compared to the previous year.
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.