The Huntington Beach housing market is booming. With its close proximity to Los Angeles, great weather, and beautiful beaches, it is no wonder why so many people are flocking to this desirable California city. While the rest of the nation has suffered due to the Covid-19 pandemic, the Huntington Beach housing market has remained relatively stable.
The median home value in Huntington Beach is currently $884,000, which is an increase of 8.7% from last year. In addition, the median sales price of a home in Huntington Beach is currently $1.1 million, up 8.2% from last year. The average days on market is currently 58 days, down from 64 days last year.
The Huntington Beach housing market is also seeing an influx of buyers. In the past year, the number of homes sold in Huntington Beach has increased by 8.2%. This is due to the fact that many people are leaving more expensive cities, such as Los Angeles and San Francisco, and moving to Huntington Beach for its more affordable housing costs.
The demand for rental properties is also on the rise in Huntington Beach. The average rent for a one-bedroom apartment is currently $2,100, which is up 6.3% from last year. The average rent for a two-bedroom apartment is currently $2,700, which is an increase of 5.7% from last year.
Overall, the Huntington Beach housing market is thriving. With its great location, beautiful beaches, and welcoming community, it is no wonder why so many people are choosing to make this city their home. The booming housing market is allowing both buyers and renters to find their perfect place to call home.