Real Estate Market Update for Downey, CA

Video: Real Estate Community Tour for Downey, CA

See Real estate community tour for Downey, CA
Welcome to February's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 15% from one year earlier, and down 21% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 530-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 12%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 450-thousand dollars. The number of units sold decreased 6% year-over-year, and decreased 8% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Downey, CA
Area Information for Downey, CA
  • Population: 112,884
  • Median Age: 33.04 yr
  • Median Commute Time: 23.88 mins
  • Educational Climate*: 3
  • Sales Tax: 9%
  • Population Density: 9,098/sq mi
  • Population Change Since 2000: 4.88%
  • Closest Airport: Long Beach /daugherty Field/
  • Closest College: Fremont College
  • Closest Jr. College: Cerritos College
  • Median Household Income: $61,185
  • Annual Residential Turnover: 19.76%
  • Median Years in Residence: 3.47 yr
  • Median Home Sales Price: $335,000
  • Closest Major Sports Team: Cd Chivas Usa
  • Change Avg. Household Income Since 2000: 34%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Downey, CA
Median Age: 33.04 Married: 28% Number of Households: 34,262 Households with Children: 15,790
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Downey, CA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Downey High School 0.0 mi Public 9-12 3-5 3
      Children's Academy Of Success 0.4 mi Private PRESCHOOL-2 0 5
      Creative Beginnings Elementary 0.5 mi Private K-6 0 0
      Our Lady Of Perpetual Help Elementary School 0.6 mi Catholic K-8 0 4
      Around The World Children Center, Inc. 0.7 mi Private PRESCHOOL-3 0 3
      Immaculate Heart Academy 0.7 mi Catholic 1-12 0 0
      Warren High School 0.7 mi Public 9-12 3 3
      St. Mark's Elementary School 0.7 mi Private PRESCHOOL-8 0 4
      Downey Christian School 0.9 mi Private PRESCHOOL-8 0 3
      Keystone Academy 0.9 mi Private K-12 0 0
      Rio Hondo Elementary School 1.0 mi Public K-5 2 4
      Rio San Gabriel Elementary School 1.0 mi Public K-5 2-5 4
      Doty Middle School 1.0 mi Public 6-8 3-5 4
      Alameda Elementary School 1.0 mi Public PRESCHOOL-3 3 3
      Kirkwood Christian Schools 1.1 mi Private PRESCHOOL-3 0 4
      Montessori Children's Academy 1.1 mi Private PRESCHOOL-6 0 3
      Williams Elementary School 1.1 mi Public K-3 3-5 4
      Gallatin Elementary School 1.3 mi Public K-5 3-5 4
      St. Raymond Elementary School 1.4 mi Catholic K-8 0 4
      Griffiths Middle School 1.4 mi Public 6-8 4 5
      Gauldin Elementary School 1.4 mi Public K-5 2-5 3
      Sussman Middle School 1.4 mi Public 6-8 2-5 3
      Price Elementary School 1.5 mi Public K-5 3-5 4
      Old River Elementary School 1.5 mi Public 4-5 3 3
      West Middle School 1.5 mi Public 6-8 4 4
      Columbus Continuation School 1.6 mi Public 10-12 1 3
      Alternative Opportunity Programs School 1.6 mi Public K-12 1 0
      Los Angeles County Rop School 1.6 mi Public 9-12 0 0
      Los Angeles County Special Education School 1.6 mi Public K-12 1 0
      Maria Montessori House Of Children School 1.6 mi Private PRESCHOOL-K 0 0
      Imperial Elementary School 1.6 mi Public K-3 3-5 3
      Unsworth Elementary School 1.8 mi Public K-5 4 4
      Ward Elementary School 1.8 mi Public K-3 3-5 5
      Calvary Chapel Christian 1.8 mi Private PRESCHOOL-12 0 4
      Rancho Los Amigos Children's Center 2.0 mi Private PRESCHOOL-K 0 0
      Lewis Elementary School 2.0 mi Public K-5 2-5 4
      Carpenter Elementary School 2.0 mi Public 4-5 2-5 4
      St. Pius X - St. Matthias Academy 2.3 mi Catholic 9-12 0 3
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Downey, CA
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.