Justin Tye

South Gate, CA

Single-Family Homes

Active Realty I REAL



South Gate, CA

Thu Jun 20 2024
This week the median list price for South Gate, CA is $661,500 with the market action index hovering around 51. This is less than last month's market action index of 57. Inventory has decreased to 8. Click here to stay informed with the South Gate market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

South Gate, CA

Thu Jun 20 2024
This week the median list price for South Gate, CA is $661,500 with the market action index hovering around 51. This is less than last month's market action index of 57. Inventory has decreased to 8. Click here to stay informed with the South Gate market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the South Gate market.
Median List Price $661,500
Median Price of New Listings $664,950
Per Square Foot $593
Average Days on Market 53
Median Days on Market 25
Price Decreased 25%
Price Increased 13%
Relisted 0%
Inventory 8
Median Rent
Market Action 51
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$854,450 1,439 4,500 - 6,500 sqft 3 2 90 1 2 14
$698,500 1,378 4,500 - 6,500 sqft 2 1.5 80 0 2 28
$616,000 1,181 0 - 4,500 sqft 2 1.5 85 0 1 98
$524,500 1,262 4,500 - 6,500 sqft 2 1.5 88 1 2 73