Average sales price of Downey home reaches $1.13M

DOWNEY — The average sales price of a Downey home in the second quarter of 2025 was $1,131,009, according to the Greater Downey Association of Realtors

Overall, home sales fell in the Southland in June, while rising statewide after three straight months of decline, the California Association of Realtors announced.

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 264,260 last month. June home sales activity rose 4% from the 254,190 homes sold in May but was down 0.3% from a year ago, CAR announced on Thursday.

The statewide annualized sales figure represents what would be the total number of homes sold during 2025 if sales maintained the June pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.

Los Angeles County's sales figure was down 5.4% from May, but up 1.1% from June 2024. Orange County sales were down 1.2% from May, but up 0.1% from June 2024.

Meanwhile, home prices increased locally but fell statewide. The median sold price of an existing, single-family home in Los Angeles County was $903,650 in June, up from $835,480 in May, and from $889,180 in June 2024.

Orange County's median price was $1.47 million in June, up from $1.419 million in May and from $1.45 million one year ago.

June's statewide median home price was $899,560, down 0.1% from May and down 0.1% from $900,720 in June 2024.

The highest median price in California in June was San Mateo County's $2.15 million. The lowest was Lassen County's $286,500.

"With more properties on the market and price growth flattening, conditions have become more favorable for prospective buyers who have been waiting on the sidelines to re-enter the market and take advantage of increased negotiating power," said CAR President Heather Ozur, a Palm Springs Realtor. "While sales could remain soft at the start of the third quarter, recent improvements in housing sentiment suggest that the market could see a bounce- back in the second half of the year."