Market Report and Real Estate Trends for Commerce

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The city of Commerce is located 7 miles southeast from downtown Los Angeles. The estimated US Census population was 12,947 in 2017. The city has an area of 6.5 square miles. Most of Commerce is served by Montebello Unified School District, while small portions are served by the Los Angeles Unified School District.

Commerce borders Vernon on the west, Los Angeles on the northwest, East Los Angeles on the north, Montebello on the east, Downey and Bell Gardens on the south, and Maywood on the southwest. Rio Hondo separates the city from Downey and The Los Angeles River forms part of its southwestern boundary.

The Interstate Highway 710 and 5, as well as the Metrolink commuter rail at the Commerce station, serve the city.

Commerce was incorporated in 1960, as the 67th city in Los Angeles County, to prevent neighboring cities such as Vernon and Los Angeles from annexing industrial land for tax revenue and elected its first city mayor, Maurice Quigley.

In the 1970s and 1980s Commerce went through a period of deindustrialization and the Citadel Outlet Mall is an example of that, where a tire factory used to occupy the space.

Commerce has a large indoor aquatic center, The Brenda Villa Aquatic Center, which is named after a four-time Olympic medalist water polo player.

Welcome to our new Market Report for Commerce California.  This page display a condensed view of active, under contract, and sold home listings. Aggregate data - averages such as list price and days on market - are also displayed for each section. A market report represents a moment-in-time snapshot of the market.  It is updated daily and goes back 30 days. Bookmark this page for the freshest real estate data and trends available directly from the Multiple Listing Service (MLS).

If you'd like to receive monthly market report emails with a link to an updated market report, just click on Sign Up for Monthly Reports button above. You can also create your own Customized Market Report for any Los Angeles county area or neighborhood by clicking Create Your Own Market Report above.

So here you go... and let us know what you think!

Active Properties: Homes that are currently being marketed for sale but do not have a purchase agreement.

  • Days on Market (DOM): Number of days the property has been on the market.
  • List Price: The price that a home seller is currently asking.

LEARN MORE:  How to Buy a House

Properties Under Contract (Pending and Back Up Status): Listings for which a contract has been signed and the property is in escrow.  These homes can be looking for back up offers or all the contingencies have been removed by the buyer making it a very solid transaction. The actual contract price does not become public record until the property has sold and the new owner information has been recorded.

  • Days on Market (DOM): The marketing period of the property before a sales agreement was signed.

LEARN MORE: What are the expected closing costs when buying a home?

Sold Properties: Properties that have closed in the last 30 Days.

  • Sold Price: The price for which a property sold.
Active Properties
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1546 S Eastern Avenue N/A N/A 1,786 $799,900 $447.87 7 days
7054 E Gage Avenue 3 3 1,346 $399,000 $296.43 21 days
7208 Paseo Del Rio 3 3 1,520 $539,000 $354.61 8 days
1038 S Gerhart Avenue N/A N/A 2,450 $530,000 $216 23 days
1532 Garfield Avenue 2 1 981 $449,000 $457 42 days
6725 Agra Street 4 2 1,750 $529,000 $302 84 days
2222 Fitzgerald Avenue 3 2 1,180 $540,009 $457 105 days
2263 S Atlantic Boulevard N/A N/A 1,300 $375,000 $288 157 days
2128 S Atlantic Boulevard N/A N/A 1,717 $890,000 $518 216 days
Average: 3.0 2.2 1,558 $561,212 $371 8 days
Viewing 1 - 9 of 9
Viewing 1 - 9 of 9
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1415 S Sydney Drive N/A N/A 1,719 $599,000 $348.46 2 days
4567 Leonis Street 2 1 931 $444,999 $477.98 8 days
4914 Nobel Street 2 1 689 $424,000 $615.38 22 days
7141 E Gage Avenue N/A N/A 6,304 $2,475,000 $392 46 days
6700 Ferguson Drive 3 1 1,082 $485,000 $448.24 231 days
Average: 2.3 1.0 2,145 $885,599 $456 61 days
Viewing 1 - 5 of 5
Viewing 1 - 5 of 5
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
1542 S Eastern Avenue N/A N/A 2,205 $569,999 $560,000 $253.97 278 days 10/31/19
1123 Goodrich Boulevard N/A N/A 3,410 $710,000 $710,000 $208.21 213 days 10/23/19
2321 Ayers Avenue N/A N/A 2,029 $575,000 $610,000 $300 8 days 10/21/19
2218 Cowlin Avenue 3 2 1,618 $500,000 $525,000 $324 7 days 10/18/19
Average: 3.0 2.0 2,315 $588,749 $601,250 $271 126 days
Viewing 1 - 4 of 4
Viewing 1 - 4 of 4

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.