Downey, CA Housing Market
Median List Price
$999,000
Updated August 2026
Today, Downey has 57 homes for sale at a median list price of $999,000, typically selling in about 43 days.
Downey Market Analysis
Buyers in Downey, CA are looking at a median list price of $999,000. Per square foot, the median stands at $560. Since February, the median price has moved down about 4.2% to $865,000 as of July.
It takes about 14 days for the typical home here to go under contract. At that pace, well priced homes attract offers quickly, so buyers should be ready to move. Downey, CA has 57 active listings on the market right now. 23 new listings came on the market in the last 30 days.
Pricing spreads from a $317,500 median for one bedroom homes to $1.7M for five bedroom homes. Most of what is for sale here is single family homes, about 78.9% of the mix, with condos accounting for another 17.5%. The area spans the 90241, 90240, and 90242 ZIP codes.
Downey Rental Market
Renters in Downey, CA are looking at a median asking rent of $2,950. Since February, the median rent has moved up about 26.3% to $3,600 as of July. Downey, CA has 21 active rental listings on the market right now.
Downey Market Pulse
Topfind Market Read
The picture is mixed here. Supply sits at 3.0 months, roughly in step with demand, yet 46% of sellers have trimmed their asking price, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$999K
↓ 2% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
3.0 months of supply
Balanced Supply57 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. Listings typically sell in ~43 days.
Sales Velocity
How fast homes are selling
Homes are selling at a steady pace, so buyers have some time, though competition still exists. Homes are moving 6% faster than six months ago.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 60% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Downey
Homeownership is near the state average, with a balanced mix of owners and renters.
51%
Homeowners
49%
Renters
Homeownership is 4.5 points lower than the California average (55.5%)
34,727 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $332K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$504K)
Price Reductions
26 listings have reduced their price
46% of active listings
Average reduction: 5.1% (~$51K)
Browse Downey Listings
Frequently Asked Questions about the Downey, CA Housing Market
What is the median home price in Downey, CA?
The median list price in Downey is $999,000 as of August 2026, based on 57 active listings.
Is Downey a buyer's market or a seller's market?
Downey currently reads as a balanced market. Active inventory works out to about 3.0 months of supply at the recent sales pace.
How fast do homes sell in Downey?
Homes that closed in the last 90 days typically went under contract in about 14 days. The average home currently for sale has been on the market for 43 days.
Are home prices in Downey going up or down?
The median sale price in Downey is down about 2.0% compared with a year ago.
How many homes are for sale in Downey, CA?
There are 57 homes for sale in Downey right now, including 7 listed within the last week.
What is the median rent in Downey?
The median asking rent in Downey is $2,950 per month, across 21 active rental listings.