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John Babai, Listing Office: Arc Realty
La Palma Housing Market Report December 2024•Orange County, California
Housing Prices in La Palma, CA
How much do homes in La Palma, CA cost?
Housing Market Conditions
Is La Palma, CA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
La Palma is a Seller's Market
Difference Since December 2023
Since last year, La Palma has remained a Seller's Market.
Insight
La Palma is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$1,120,000$581/SqFt
+$122,500
+12.3%
Based on all homes sold in the last 12 months
Insight
Homes in La Palma have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in La Palma was $1,120,000 in December 2024, up 12.3% from last year, and the median price per square foot was $581.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Cerritos | $975K | $1.1M | +12.8% |
| La Palma | $997.5K | $1.1M | +12.3% |
| Buena Park | $820K | $904.1K | +10.3% |
| Cypress | $915K | $997.5K | +9.0% |
| Downey-Norwalk | $734.7K | $785.6K | +6.9% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $625K | $637.5K | +2.0% |
| 33 Bedrooms | $888.5K | $1.0M | +12.5% |
| 44 Bedrooms | $1.0M | $1.1M | +8.5% |
| 55+ Bedrooms | $1.1M | $1.2M | +12.0% |
Summary: La Palma housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +2.0%. The home price for 3 bedroom homes increased by +12.5%. The home price for 4 bedroom homes increased by +8.5%. The home price for 5 bedroom homes increased by +12.0%.
Housing supply in La Palma, CA
How many homes are available in La Palma, CA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 13Last MonthDec 2024 | ||
| 172 months agoNov 2024 | -23.5 % Change MoMNov – Dec |
Summary: The La Palma real estate market had 13 homes for sale in Dec 2024, a 23.5 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 7Last MonthDec 2024 | ||
| 62 months agoNov 2024 | +16.7 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 4 | 3 | -25.0% |
| 33 Bedrooms | 5 | 3 | -40.0% |
| 44 Bedrooms | 5 | 4 | -20.0% |
| 55+ Bedrooms | 3 | 3 | 0.0% |
Summary: La Palma housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -25.0%. The inventory for 3 bedroom homes decreased by -40.0%. The inventory for 4 bedroom homes decreased by -20.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in La Palma, CA cost?
Over Asking Price3 Homes
At Asking Price0 Home
Under Asking Price4 Homes
Insight
If you're buying a home in La Palma, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in La Palma in December 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and and 43% were sold over asking.
Days on Market for La Palma, CA
How long does it take to sell a home in La Palma, CA?
Breakdown of Home Sale Times
Under 30 Days5 Homes
30 – 90 Days2 Homes
Over 90 Days0 Home
Insight
Many homes in La Palma are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 7 homes were sold in La Palma; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 23 DaysThis YearDec 2024 | ||
| 15 Days1 year agoDec 2023 | +49.3 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in La Palma had an average listing age of 23 days in Dec 2024, up by 49.3% compared to the previous year.
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Newest Listings in La Palma, CA
What homes are available in La Palma, CA?
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MLS Disclaimers and Copyright
Based on information from California Regional MLS, for the period 01/01/2023 - 01/01/2025
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. The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 1:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.