James C. Rives House · Photo: Floatjon · CC BY-SA 3.0358 homes sold in Downey in the last year, at a typical $894K
About one sale in 7 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Downey homes are listed.
Every place Downey homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Downey.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
10% of Downey’s sales are condos, at $398K less than a house
282 houses and 37 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 282 sold in 12 months
- Per square foot
- $594CA $494
- Days to sell
- 34
- Sold over asking
- 54%
- Listings with a price cut
- 17%
typical sale · 37 sold in 12 months
- Per square foot
- $524CA $561
- Days to sell
- 66
- Sold over asking
- 46%
- Listings with a price cut
- 20%
Multi-family (2–4 units): 22 sold, typical $1.1M
Townhouses: 17 sold, typical $733K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at 1.7 times the 2016 price
358 sales in the last year, against 786 in 2012 and a low of 349 in 2024. The typical sale went from $513K in 2016 to $894K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $900K buys in Downey
Check a listing against what Downey homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Downey are more common than before the pandemic, but 55% fewer homes come up for sale
We read every month of Downey’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 358 sales.
If you’re buying in Downey
- Shop in October. It brings about 55 new listings a month, close to the busiest month, with fewer bidding wars (37% over asking).
- Some room to negotiate. 16% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 100.5% of the list price on average; 52% paid over.
- You’ll usually have time. Only 35% of homes go under contract within two weeks; the typical one takes 38 days.
Summer brings both the most homes and the most bidding wars
August has the most new listings (about 67 a month), but June is the most competitive: 50% of June sales close over asking. October offers nearly as much choice with fewer homes bid up (37%). February has the least competition (35%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and hotter than California
| Downey now | 2017–19 | 2021 peak | CA now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 52% | 35% | 68% | 36% |
| Gone within two weeksShare of homes under contract within 14 days | 35% | 31% | 59% | 31% |
| Listings with a price cutShare of homes for sale that cut their price | 16% | 16% | 10% | 24% |
| Price paid vs. askingAverage sale price ÷ list price | 100.5% | 99.1% | 102.6% | 99.7% |
| Days to sellMedian days from listing to contract | 38 | 53 | 30 | 44 |
81 homes for sale on a typical day
That’s 1.2 times the 2023 low (67), 55% fewer than in 2017–19 and well under 2018’s 214.
1 in 6 listings has cut its price
16% in the last year, against 16% in 2017–19 and 24% across California.
Since 2019, houses are up 50%, condos 44%
A house typically sold for $926K in the last year (282 sales), a condo for $528K (37).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Downey ranks 64th of 555 busy California markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Downey is one of the state’s hottest markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Downey home costs about $5,162 a month
Price: Downey’s typical sale, last 12 months. Property tax at Downey’s 0.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Downey is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in August
The month with the most choice. December has the fewest, about 31.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $894K home, about $5,980 a year.
Taxes vs. neighborsSchools
The schools grade for Downey, from test results, graduation and how much students grow.
Schools in DowneyCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Bell Gardens, Paramount, South Gate and Santa Fe Springs sell for less a square foot
The busier markets within 25 miles of Downey, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Downey | 358 | $894K | $575 | 52% | 38 |
| Norwalk | 355 | $745K | $614 | 62% | 30 |
| Bellflower | 188 | $789K | $567 | 53% | 42 |
| South Gate | 148 | $697K | $529 | 53% | 50 |
| Paramount | 116 | $607K | $502 | 52% | 61 |
| Santa Fe Springs | 86 | $779K | $547 | 45% | 51 |
| Bell Gardens | 29 | $807K | $461 | 34% | 57 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Downey, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Downey. People who follow the town see it, and so do people comparing Downey with their own town. No commission, no listing fee.
Questions about buying a home in Downey
What do homes sell for in Downey, CA?
358 homes sold in the year to May 2026 at a typical $894K, $575 a square foot. Houses sold for about $926K, condos for about $528K.
Is Downey a buyer’s or seller’s market?
A seller’s market: 65 homes were for sale in May 2026 and 26 sold, about 2.5 months of supply. Buyers paid 100.5% of asking on average, and 16% of listings cut their price.
When is the best time to buy in Downey?
August brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Downey?
About 0.7% of a home’s value a year. On a $894K home that’s near $5,980.
Where can I see homes for sale in Downey?
Zillow, Redfin, Realtor.com and Homes.com all carry Downey’s MLS listings; the search links above open each one filtered to Downey.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).