Magrath Heights
Magrath Heights

Magrath Heights Housing Market Report

Strong Buyer's Market

All types - for the month of June

Buyer's market Seller's market

18

Months of inventory (MOI)*

MOI in real estate tells you how long it would take to sell all the current homes on the market at the current sales pace if no new homes were listed. Typically, a MOI of 5+ months indicates a buyer’s market, where homes are selling slowly and there are more homes than available buyers.

25

Days on market (DOM)*

DOM refers to Average Days on Market, which represents how long on average listings remain on the market before selling. DOM excludes listings that are pulled from the market without selling. A low DOM means it sold quickly, while a high DOM could mean it's overpriced or less in demand.

Total Active Listings*

18

New

10(-23.08% YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 15, in 2023: 2, in 2022: -

Total Sold Listings*

1

Median Sold Price

$780,000

Avg Days on Market

25 days

Median Bidding

-$19,900

Compared to number of sold, same period, in 2024: 0, in 2023: 0, in 2022: -

*Data is for the month of June

Median Sold Price vs Average Days and Average Total Days on Market - Magrath Heights - All types

Sold vs Active vs New vs Relisted - Magrath Heights - All types

Sold Price Distribution - Magrath Heights - All types

Sold price distribution per the last 3 months's sold listings.

Property Type Distribution - Magrath Heights - All types

Property type distribution based on data from the last 3 months.

Median Price - Magrath Heights - All types

Population and Demographics

Overview

Total population 2852
Average household income $225,581

Age (%)

0 to 19
28%
20 to 34
13%
35 to 49
24%
50 to 64
22%
65 and plus
13%

Household composition (%)

Single family
82%
Single person
16%
Multi person
2%
Multi family
1%

Mother tongue (%)

English
63%
Mandarin
11%
Yue (Cantonese)
6%
Korean
5%
Punjabi (Panjabi)
3%
Iranian Persian
2%
Arabic
2%
Urdu
2%
Spanish
1%
Others
0%

House tenancy (%)

Owners
85%
Renters
15%

Transportation

Car Friendly

4/5

Good access to freeways and major arteries, with a large amount of parking nearby

Pedestrian Friendly

2/5

Few day-to-day needs are within walking distance

Transit Friendly

2/5

Transit is available for some trips

Shopping, Food and Nightlife

Cafes

2/5

Few or no cafés within walking distance

Groceries

3/5

At least one grocery store within a 15-minute walk

Nightlife

0/5

Few or no bars within walking distance

Shopping

2/5

Some shops within walking distance

Restaurants

2/5

Some restaurants within walking distance