Signal Hill, CA Real Estate Listings & Homes For Sale

In November 2024, Signal Hill home prices saw a 13.8% decline compared to the previous year, with the median sale price at $560,000. Homes in the area are now taking slightly longer to sell, averaging 29 days on the market compared to 22 days in November 2023, indicating a slight cooling in market activity. Interestingly, the number of homes sold remained consistent at three for both years. These trends suggest that while prices and the pace of sales have softened, buyer interest in Signal Hill remains steady, providing opportunities for those looking to enter the market.

Signal Hill's housing market is moderately competitive, with homes typically selling within 42 days. Some properties receive multiple offers, reflecting consistent buyer interest. On average, homes sell at around the list price and go under contract in approximately 42 days. However, "hot" homes—those in high demand—can sell for up to 2% above the list price and go pending in just 29 days. This dynamic highlights the market's steady activity, offering opportunities for both buyers and sellers.

In November 2024, Signal Hill, CA, is considered a buyer's market, meaning the supply of homes exceeds the demand. This creates an advantageous environment for buyers, as they may encounter less competition and have more leverage to negotiate favorable prices and terms. Sellers, on the other hand, might need to be more flexible in pricing and offers to attract buyers in this market.