Is Downey, CA 90240 a buyer’s or seller’s market?

The Downey housing market right now

In the three months ending August 31, 2026, 67% of homes in Downey, CA 90240 sold above their list price, the typical home went under contract in 16 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 34 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 39%, homes sold faster (30 days then) and the median sale price fell 15% to $889,615. Overall, Downey is more competitive than a year ago, so tougher for buyers.

Within Los Angeles County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 98%. On our competition score, Downey ranks #48 of 1,069 CA ZIP codes with enough sales (score 92 out of 100).

Nearby, buyers who want less competition could look at Mount Baldy 91759 (0% sold over asking) or Glendale 91210 (0% sold over asking), while Los Angeles 90057 (100% sold over asking) and Burbank 91502 (86% sold over asking) are even more competitive.