Greetings, fellow residents and potential homebuyers in Downey! As the trusted realtor at Johnhart Real Estate, I'm delighted to bring you the latest market update for single-family homes in the 90240 zip code. In this report, we'll dive into the key statistics for October 2023, providing valuable insights into the current real estate landscape in our beloved community.

Active Listings:

As of October 2023, Downey's 90240 zip code boasts 13 active listings. These homes represent a diverse range of options for prospective buyers, from cozy family homes to spacious estates. Whether you're a first-time homebuyer or looking to upgrade, there's something for everyone in our vibrant community.

Price per Square Foot:

The average price per square foot for homes in Downey 90240 stands at an impressive $614. This metric reflects the value and quality of the properties available, highlighting the investment potential for both buyers and sellers in our thriving real estate market.

Average Time on the Market:

One of the key indicators of market health is the average time a home spends on the market. In October 2023, homes in Downey 90240 had an average time on the market of 26 days. This quick turnover suggests a dynamic and competitive market, making it an exciting time for both buyers and sellers to engage in real estate transactions.

Median Listing Price:

The median listing price for homes in our community is $825,000. This figure provides a snapshot of the current pricing landscape, guiding potential buyers in their search for the perfect home that aligns with their budget and preferences.

Homes Sold:

In the month of October 2023, a total of 8 homes were successfully sold in Downey 90240. This steady pace of sales indicates a healthy demand for real estate in our area, reinforcing the desirability of living in our community.

Median Sold Price:

The median sold price for homes in Downey 90240 reached $940,000 in October 2023. This figure reflects the actual prices homes are achieving in the market, providing valuable information for both buyers and sellers to make informed decisions.

As we navigate the dynamic real estate landscape of Downey's 90240 zip code, these October 2023 market statistics indicate a robust and flourishing market. Whether you're looking to buy or sell, the numbers reflect a community with high demand and value. If you have any questions or are ready to explore your real estate opportunities, don't hesitate to reach out to me, Kenny, at Johnhart Real Estate. Your dream home or ideal buyer may be just a phone call away.

Kenneth Linares

🏢JohnHart Real Estate

☎️(310) 299-6808

📧 kenneth@jhagents.com