For years, buying in Sunset Park has felt like chasing a moving target: few listings, fast competition, and tight inventory. As of mid-2025, buyers nationally and across greater L.A. do have more choices—but Sunset Park’s single-family home market is still competitive. In July 2025, the median days on market was 17, half of all sales closed over asking, and the average sale-to-list ratio was about 104%. In short: while the broader market is more balanced, Sunset Park remains a seller-leaning micro-market.
(Note: Sunset Park’s condo and multi-family market tells a different story, with softer conditions and more buyer options.)
Why Are More Homes Hitting the Market?
1. Mortgage rates have eased slightly.
The 30-year fixed averaged 6.58% in the latest Freddie Mac survey (week ending Aug 14, 2025)—the lowest level this year. Even a modest drop has been enough to bring some sellers (and buyers) off the sidelines.
2. National inventory tailwinds.
Active listings rose 24.8% year-over-year in July, marking the 21st straight month of growth nationwide. That backdrop is boosting selection across many West Coast metros, including Los Angeles.
Local pulse: In Sunset Park, homes for sale in July rose about 5% from June. A modest increase, but one that aligns with the bigger trend.
Are Homes Sitting Longer in Sunset Park?
Not much. Median days on market ticked up to 17 in July, compared to 14 a year earlier. For context, Santa Monica citywide homes sold in about 22 days—faster than last year’s 31.
Is Sunset Park Becoming “Buyer-Friendly”?
Not yet. In July, Sunset Park had only 2 months of supply. Six months is considered balanced, so this remains a clear seller’s market. That said, opportunities exist—particularly with stale listings, aggressively priced homes, or properties needing work. Across the West, price cuts are more common now, and Sunset Park is not immune.
What This Means If You’re Planning to Buy
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Expect speed on A-tier homes. Turnkey properties still draw multiple offers; be ready to move quickly.
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Watch time-on-market signals. Listings sitting 3–4 weeks may offer negotiation room on price, credits, or contingencies.
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Leverage rate tools. With 30-year rates around 6.6%, options like buydowns, ARMs, or lender credits can make a meaningful difference.
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Segment matters. Santa Monica’s July median single-family sale price was ~$5.08M with 22 DOM. Sunset Park moves faster, so strategy needs to adjust by location and property type.
Bottom Line
Inventory and interest rate shifts are creating more openings than we’ve seen in recent years. Still, Sunset Park remains one of Santa Monica’s most competitive submarkets, where the best listings sell quickly and often above asking. If you’ve been waiting to make a move into Sunset Park, this may be your moment—just plan with a smart strategy.