Downey, CA Foreclosures
How much do homes sell for in Downey, CA?
The average home price is currently $1,027,533.
In Downey, CA, how many homes are available?
There are currently 40 active home listings available in Downey.
What’s the average rental cost in Downey, CA?
The average rental price in Downey is $2,457.
What is the most expensive home in Downey?
The most expensive home sold in Downey had a price of $109,044,000.
What is currently the cheapest priced home in Downey, CA?
The cheapest home for sale in Downey is priced at $47,906.
Living in Downey, CA
Downey, CA, is a thriving community known for its strong educational system, rich historical background, and conveniently located parks and recreational facilities. With diverse shopping and dining options, various amenities, and family-friendly programs, it is an ideal place for families and professionals alike, offering easy access to greater Los Angeles.
Current Market Conditions in Downey, CA
The real estate market in Downey, CA, has seen a steady increase in home values over the past year, driven by the city's growing popularity and demand for housing. With a mixture of single-family homes, townhouses, and condominiums, properties range in price, catering to various buyer needs. As of now, the market is competitive, with homes often receiving multiple offers and selling within a short timeframe.
The trend in Downey's real estate market indicates an upward trajectory, with more buyers looking to invest in the city due to its amenities and central location. Additionally, the demand for rentals has increased, resulting in higher prices in this segment as well. Overall, Downey represents a strong market for both prospective homeowners and investors.
Home Value Estimator For Downey, CA
There are currently 22,140 real estate properties
in Downey, CA,
with a median automated valuation model (AVM) price
of $866,000.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Downey, CA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Downey, CA,
is $1,027,533.00, with the most expensive house
in Downey, CA, topping out
at $109,044,000.00 and the cheapest home
in Downey, CA,
clocking in at $47,906.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Downey, CA!
Rent Prices
In Downey, CA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Downey, CA, is on
a rollercoaster ride. The
average rent price in Downey, CA,
is $2,457.00. Indeed, when looking to rent in
Downey, CA, you can expect to pay as little
as $1,050.00 or as much
as $4,660.00,
with the average rent median estimated to
be $2,470.00. The good news is that finding
an affordable and desirable property to rent in Downey, CA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
