Avezta Realty International Corp.

Downey Real Estate Market Report

Executive Summary

DB
Dan Braun

The Downey, CA real estate market is currently classified as a balanced market. The median asking price is $975K.

There are currently 53 active listings. 22 properties have sold in the past 90 days at a median sold price of $875K. Inventory has increased 55.9% compared to last month.

Currently, listings spend an average of 56 days on market and the average price per square foot is $599.

Detached properties make up the largest share of the Downey market at 67% of active listings with an average price of $1.3M. Condo listings follow at 18% (avg $854K).

Sales Activity & Absorption

Volume

0
Sold (30d)
22
Sold (90d)
56
Avg DOM
19
New (30d)

Market Signals

6
Price Cuts (30d)
3
New (7d)
6
Price Cuts
100.3%
List-to-Sale

19 new listings appeared in the past month, 6 sellers reduced their asking price.

Interest Rates & Affordability

Current Rates

Bank of Canada Policy Rate2.25%
Prime Rate4.45%
Est. Variable Rate (Prime + 0.5%)4.95%

Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.

Estimated Monthly Payment

Based on median price of $975K, 20% down, 25yr amortization
$4,537/mo
at 4.95% variable rate

This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.

Market Outlook

The market is relatively balanced between buyers and sellers. The Downey market currently has 53 active listings with a median price of $975K.

  • Slow-moving market (56 avg days on market)
  • Average price per square foot is $599
  • Sold properties averaged 45 days on market

For Buyers

The Downey market is balanced. You have reasonable options, but well-priced homes will still draw interest. Get pre-approved and stay informed on new listings. There were 3 new listings in the past week.

For Sellers

Price your home realistically based on recent sales. Focus on presentation and highlight unique features. Well-priced properties are still selling within reasonable timeframes. 6 listings have reduced their price in the past 30 days.

Data sourced from San Diego MLS active and sold listings. Metrics computed from listing data updated daily. Prepared by Dan Braun with AI assistance, reviewed by our team.

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Resources

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Homes for Sale in Downey53 active listingsCost of Living in DowneyHousing, rent & expensesSold Data in DowneyRecent sales & prices

Market data is calculated from active and recently sold MLS® listings as of June 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.

Based on information from California Regional Multiple Listing Service (CRMLS). This data is for informational purposes only and may not reflect all real estate activity in the market. Information deemed reliable but not guaranteed.