Downey, CA Home Values & Market Trends
Real estate market trends reflect that there have been 601 transactions over the past year in Downey. The median value for residential home transactions that occurred over the previous year is $843,694.71. The number of current listings in Downey is 46, and the percentage of properties for sale in the city is 46.00%. Downey, CA currently has 61 properties in foreclosure, 2 bank owned properties, 9 properties headed for auction, and 46 properties for sale.
Downey, CA Real Estate Market Overview
Housing Market Summary for Downey, CA
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $822.5K | $842.9K | 2.49% |
| Median Sold Price | $850K | $842.9K | -0.83% |
| Homes For Sale | 56 | 47 | -16.07% |
| Homes Sold | 622 | 681 | 9.49% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Downey, CA
Browse Homes in Downey, CA
Downey home values range from $211,380 to $3,633,000. The median estimated value of a home in Downey is $843,694.71. The median list price of a home is 892,000, and the total count of properties in the city is 20,802.
- Pre-ForeclosurePre-foreclosure homes account for 0.24% of all residential properties in Downey, CA with 90242 containing 19 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Downey, CA; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,162,000 in 90241 to the lowest home value of $611,250 in 90240.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Downey, CA ranges from the highest value of $1,653,000 in 90241 to the lowest value of $1,020,000 in 90241. Bank owned homes and properties account for 0.01% of properties in Downey, CA. There are 3 zips within Downey, CA; 90241 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions90241 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Downey, CA. Auction homes and other auction properties account for 0.04% of all properties in Downey, CA. There are 3 zips within Downey, CA; of those zips, the median estimated home value for homes going to auction ranges from $996,750 in 90241 to the lowest value of $682,500 in 90241.
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Guide for Downey, CA
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