Is Downey, CA 90241 a buyer’s or seller’s market?

The Downey housing market right now

In the three months ending August 31, 2026, 48% of homes in Downey, CA 90241 sold above their list price, the typical home went under contract in 31 days and there were 5.6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 26 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 60%, homes sold faster (42 days then) and the median sale price rose 3% to $924,600. Overall, Downey is less competitive than a year ago, which gives buyers more room.

Within Los Angeles County, homes here sell faster than in 95% of the county’s ZIP codes, and sell more often over asking than in 77%. On our competition score, Downey ranks #390 of 1,069 CA ZIP codes with enough sales (score 68 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.