New Listing
25
$529,000
7304 Quill Dr Apt 182
Downey, CA 90242
2 bd2 ba979 sqft$540/ft²
Condo9.95 acres
Carlos Barron · T.N.G. Real Estate Consultants
View photos & details
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Downey, CA Housing Market
Seller's market+1.8% YoY
Zillow, July 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, August 2026 · Refreshes weekly
The typical home in Downey, CA is worth $885,146, rose 1.8% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $933,500, +0.7% year over year (through May 2026). With 2.5 months of supply and homes going under contract in about 29 days, Downey is a seller's market. At today's 6.66% 30-year fixed rate, 20% down on a $885,146 home is about $4,551/mo in principal and interest.
Key numbers for Downey, CA
Typical home value
$885,146
+1.8% in 12 months
Zillow, July 2026
Typical asking rent
$2,346/mo
Zillow Observed Rent Index
Zillow, July 2026
Median sale price
$933,500
+0.7% year over year
Redfin, through May 2026
Days on market
29
Average pace
Redfin, through May 2026
Active listings
65
2.5 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$87,400
Home costs 10.1x income
U.S. Census ACS, 2023
Sale-to-list ratio
102.1%
Selling above asking
Redfin, through May 2026
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Downey a buyer's or seller's market?
Seller's market2.5 months of supply29 days on market102.1% of asking
Downey, CA is a seller's market, based on 2.5 months of supply and homes selling in about 29 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Downey housing market data show?
Every row below is Redfin's final published month for Downey, CA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $933,500 |
| Median list price | $967,000 |
| Year-over-year price change | +0.7% |
| Median price per sq ft | $609/sq ft |
| Median days on market | 29 days |
| Active inventory | 65 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 102.1% |
| Homes sold (that month) | 26 |
| New listings (that month) | 40 |
| Listings with a price cut | 15.4% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Downey is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Downey is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Downey home prices moved?
Over the last three years the median sale price in Downey, CA rose 22.8%, from $760,000 to $933,500. The live Zillow value series has rose 1.8% in the last 12 months, which is the more current read now that Redfin's series has stopped. 15.4% of Downey listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 2.5 months while the sale-to-list ratio slips below its current 102.1%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Downey?
Priced off the typical home value of $885,146 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $177,029 | $708,117 | $4,551/mo |
| 5% | $44,257 | $840,889 | $5,404/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $4,551, that implies roughly $195,024 a year before you add taxes and insurance. The median household in Downey earns $87,400, about $107,624 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 10.1x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Downey in the next 12 months?
Tell us your timeline. We send the Downey market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Downey?
Typical asking rent in Downey, CA is $2,346/mo, against a typical home value of $885,146. That is a price-to-rent ratio of 31.4x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $4,551 a month — $2,205 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, July 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Downey?
Active listings in Downey, CA went from 95 in May 2025 to 65 in May 2026, a -31.6% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 93 | 30 |
| July 2025 | 99 | 48 |
| August 2025 | 106 | 51 |
| September 2025 | 100 | 36 |
| October 2025 | 94 | 33 |
| November 2025 | 72 | 21 |
| December 2025 | 74 | 29 |
| January 2026 | 79 | 42 |
| February 2026 | 67 | 32 |
| March 2026 | 66 | 32 |
| April 2026 | 61 | 41 |
| May 2026 | 65 | 40 |
Redfin, through May 2026
How does Downey compare to California and the U.S.?
Downey homes sell for $933,500 — 5% above the California median of $887,400. Against the national median of $410,700, Downey runs 127% higher. Year-over-year, Downey moved +0.7% against California's +3.4% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Downey, CA | $933,500 | +0.7% | 29 days |
| California statewide | $887,400 | +3.4% | 33 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Downey
What buyers should watch
- Months of supply, currently 2.5. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 15.4%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $853 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $885,146 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Downey listing goes under contract in 29 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 102.1% of asking. Price at the number you want and let competition do the rest.
- In the last published month Downey added 40 new listings against 26 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +1.8% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Downey varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Downey
There are currently 65 homes listed for sale in Downey, California. The median listing price is $967K. Featured listings range from $529,000 to $5,125,000.
New Listing
35
$575,000
11922 Heritage Cir
Downey, CA 90241
2 bd2 ba1,095 sqft$525/ft²
Condo2,322 sqft lot
Sue Ann Challita · The Agency
View photos & details
New Listing
44
$629,000
8901 Serapis Ave Apt 24
Downey, CA 90240
3 bd3 ba1,604 sqft$392/ft²
Townhouse1,442 sqft lot
Adolfo Aguirre · Real Broker
View photos & details
22
$775,000
10251 Foster Rd
Downey, CA 90242
4 bd2 ba1,229 sqft$631/ft²
House5,236 sqft lot
Theresa La Roche · Keller Williams Realty
View photos & details
New Listing
19
$779,999
12722 Glynn Ave
Downey, CA 90242
2 bd2 ba1,276 sqft$611/ft²
House6,734 sqft lot
Jose Gutierrez Hernandez · Century 21 LOTUS
View photos & details
New Listing
25
$849,000
7745 Coolgrove Dr
Downey, CA 90240
3 bd2 ba1,472 sqft$577/ft²
House6,029 sqft lot
Mike Baker · Estate Properties
View photos & details
New Listing
40
$875,000
7205 Glencliff Dr
Downey, CA 90240
4 bd2 ba2,012 sqft$435/ft²
House13,046 sqft lot
Carrie Uva · 24 Hour Real Estate
View photos & details
New Listing
35
$899,000
7738 Adwen St
Downey, CA 90241
3 bd2 ba1,566 sqft$574/ft²
House5,432 sqft lot
Michael Berdelis · 24 Hour Real Estate
View photos & details
New Listing
40
$1,049,900
10336 Hasty Ave
Downey, CA 90241
3 bd2 ba1,627 sqft$645/ft²
House8,490 sqft lot
Maria Fernandez · Sunrise Realty & Home Loan
View photos & details
New Listing
7
$3,800,000
11523 Old River School Rd
Downey, CA 90241
11 ba
Multi-family14,606 sqft lot
Kristopher German · RE/MAX 2000 REALTY
View photos & details
New Listing
7
$3,800,000
11517 Old River School Rd
Downey, CA 90241
8 ba
Multi-family14,488 sqft lot
Kristopher German · RE/MAX 2000 REALTY
View photos & details
New Listing
12
$5,125,000
7306 Neo St
Downey, CA 90241
3 ba
Multi-family13,094 sqft lot
Doug Rodermund · Morgan Skenderian
View photos & details
Looking to buy in Downey?
Get connected with a local real estate expert — free, no obligation.
Active listings
65
Homes on market
Median list price
$967K
Avg. days on market
29
Days until sale
New this week
40
Newly listed
Price drops:15.4%of listings
Sale-to-list:102.1%
How much do homes cost in Downey by property type?
How the Downey, CA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $972,500 | $627/sq ft | 22 | 34 days |
| Condo / co-op | $612,500 | $399/sq ft | 2 | 18 days |
| Townhouse | $722,758 | $469/sq ft | 2 | 22 days |
Who lives in Downey?
American Community Survey estimates for Downey. U.S. Census ACS, 2023
Population
111,793
Households
34,727
Median income
$87,400/yr
Median age
37 years
Owner-occupied
50.7%
Median home value
$728,500
Median gross rent
$1,892/mo
Mean commute
31 min
50.7% of occupied homes in Downey are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $728,500 against Zillow's $885,146 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,892/mo, below Zillow's $2,346/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Downey?
22 schools tracked · 22,358 students
The largest public schools serving Downey, CA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Downey High
Grades 9-12 · 3,936 students
Warren (Earl) High
Grades 9-12 · 3,471 students
Stauffer (Mary R.) Middle
Grades 6-8 · 1,327 students
Doty (Wendy Lopour) Middle
Grades 6-8 · 1,322 students
Griffiths (Gordon) Middle
Grades 6-8 · 1,291 students
Sussman (Edward A.) Middle
Grades 6-8 · 1,218 students
Rio Hondo Elementary
Grades K-5 · 859 students
Lewis (Ed C.) Elementary
Grades K-5 · 834 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Downey, CA?
Ordered by distance from Downey, not by size. Compare Downey side by side with any of them.
Which ZIP codes are in Downey?
These are the ZIP codes we see on active Downey listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Downey housing market FAQ
Is Downey a buyer's or seller's market?
Downey, CA is currently a seller's market. That read comes from 2.5 months of supply, homes going under contract in about 29 days, and sellers getting 102.1% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Downey?
The typical home in Downey, CA is worth $885,146 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $933,500, about $609 per square foot.
Is Downey cheaper than the rest of California?
Downey's median sale price of $933,500 is 5% higher than the California statewide median of $887,400, and 127% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Downey?
Homes in Downey, CA spent a median of 29 days on market before going under contract, versus 33 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Downey?
At the current 30-year fixed rate of 6.66%, 20% down on a $885,146 home is about $4,551 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $195,024 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $87,400.
Are home prices rising in Downey?
The typical home value in Downey, CA rose 1.8% over the last 12 months, from $869,179 to $885,146 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Downey?
Downey ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Downey?
That depends on your timeline, not on a headline. What the data says today: Downey, CA is a seller's market with 2.5 months of supply, the 30-year fixed rate is 6.66%, and the price-to-rent ratio of 31.4x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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