65 homes in near MANZANITA SCHOOL AND INSTITUTE
Homes for Sale near MANZANITA SCHOOL AND INSTITUTE
TOPANGA, CA
About Homes near MANZANITA SCHOOL AND INSTITUTE
These are homes for sale within about 2 miles of MANZANITA SCHOOL AND INSTITUTE in TOPANGA. The area around the school has 65 active listings.
MANZANITA SCHOOL AND INSTITUTE Area Market Pulse
Topfind Market Read
Buyers hold the edge right now. 13.0 months of supply is more than current demand absorbs, and the typical home takes about 72 days to sell. At the same time, selling times have improved 62% versus six months ago, which keeps well-priced homes moving. Buyers are firmly in control and can negotiate hard, while sellers need sharp pricing to draw attention.
Median Home Price
$1.85M
↓ 18% 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
13.0 months of supply
Ample Supply65 active listings, plenty of options to choose from.
What this means for buyers
There is more inventory than recent sales absorb, so buyers have plenty of options and stronger footing to negotiate price and terms. Listings typically sell in ~72 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs. The trend is moving the other way though, with selling times down 62% over the last six months.
Inventory Distribution
A larger share of listings has been up beyond 30 days, which typically means more room to negotiate on those longer-listed homes.
Housing Tenure in MANZANITA SCHOOL AND INSTITUTE Area
Homeownership is significantly higher than average, making this a homeowner-dominated market with more long-term residents.
77%
Homeowners
23%
Renters
Homeownership is 21.5 points higher than the California average (55.5%)
3,098 households (2023)
Median Price by Bedroom
Home prices rise significantly with each additional bedroom.
Each additional bedroom adds about $395K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$722K)
Price Reductions
27 listings have reduced their price
42% of active listings
Average reduction: 6.5% (~$120K)
MANZANITA SCHOOL AND INSTITUTE Area Market Overview
Buyers in the MANZANITA SCHOOL AND INSTITUTE area are looking at a median list price of $1.9M. Compared with TOPANGA overall, that is a 7.5% discount. Since February, the median price has moved up about 6.9% to $1.8M as of July. The MANZANITA SCHOOL AND INSTITUTE area has 65 active listings on the market right now. The homes shown here are near MANZANITA SCHOOL AND INSTITUTE rather than confirmed within an attendance zone, so verify enrollment eligibility with the district.
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Frequently Asked Questions about Homes near MANZANITA SCHOOL AND INSTITUTE
How many homes are for sale in MANZANITA SCHOOL AND INSTITUTE Area, CA?
There are currently 65 homes for sale in MANZANITA SCHOOL AND INSTITUTE Area, ranging from $749,000 to $9,950,000. 2 of them hit the market within the last week.
What is the median home price in MANZANITA SCHOOL AND INSTITUTE Area?
The median list price in MANZANITA SCHOOL AND INSTITUTE Area is $1,850,000. Price per square foot averages $834. Prices are down 18.4% compared to a year ago.
How fast do homes sell in MANZANITA SCHOOL AND INSTITUTE Area?
Homes in MANZANITA SCHOOL AND INSTITUTE Area currently average 72 days on the market, a slower pace that gives buyers more time to evaluate and negotiate.