South Gate Real Estate Market Sees Sales Down

While home sales in the South Gate market have been above average, in this week's report they dropped 5.9% to 32 homes sold over the last 30 days. On the other hand, close-by Los Angeles registered 2,415 homes sold in the same time frame, the most of all surrounding cities. The median sales price rose to $427,500 over the latest reporting period for South Gate, up from $419,500. Despite the slip in sales, a relatively low two months of inventory indicates that South Gate is a strong seller's market.

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Demographic facts about South Gate:

  • The population has decreased 1.5% over the past decade.
  • The area's lifestyle rating is 63. (Scale: 1 = Worst, 100 = Best)
  • The breakdown of residents commuting to work is 67.3% by car, 16.8% by carpool, and 9.1% by public transit.

Data reported through 6/14/2017

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