ECHO PARK | SILVER LAKE - SALES IN THE LAST 3 MONTHS

Median Sale Price

Home Sales

days on market

According to Redfin, Echo Park home price rose 0.2% in April from last month to $873,000. Sales increased 8.9% from March, up 27.10% over the last year. Fewer sellers put their houses on the market, pushing new listings down 10.10% from last month. Typical home stays on the market for 34 days. 39.3% of all homes sold for more than sellers were asking.

Silver Lake was one of the city’s fastest markets in April, with a typical home selling in 22 days. Home prices remained at $1,005,000 in April comparing to last month, but up 12.3% from last year. Sales rose 3.4% from March. New listings increased 7.7% month over month. More than half (55.7%)of all homes sold for than the asking price.

Reference: https://www.redfin.com/blog/data-center

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