Is 90275, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 90275 has remained a Seller's Market.
Key Takeaway
90275 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 90275, CA
How much do homes in 90275, CA cost?
Median Sold Price
$1,675,000
$781/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 90275 have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in 90275 was $1,675,000 in May 2024, down 1.5% from last year, and the median price per square foot was $781.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $550K | $563.5K | +2.5% |
| 2 Bedrooms | $840K | $1.0M | +19.0% |
| 3 Bedrooms | $1.5M | $1.5M | +3.3% |
| 4 Bedrooms | $1.8M | $1.8M | +0.9% |
| 5+ Bedrooms | $2.5M | $2.2M | -14.2% |
Summary: 90275 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 14.2%.
Housing Supply in 90275, CA
How many homes are available in 90275, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 160 | 165 | +3.1% |
Summary: The 90275 real estate market had 165 homes for sale in May 2024, a 3.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 25 | 18 | -28.0% |
| 3 Bedrooms | 41 | 47 | +14.6% |
| 4 Bedrooms | 65 | 66 | +1.5% |
| 5+ Bedrooms | 25 | 32 | +28.0% |
Summary: The 90275 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 28%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 28%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 41 | +2.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 90275, you may be able to get a good deal. 43.9% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in 90275 in May 2024, up by 2.5% month-over-month. Of the 41 sold homes, 44% were sold under asking, 17% were sold at asking, and 39% were sold over asking.
Days on Market for 90275, CA
How long does it take to sell a home in 90275, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 32 Days | -4.8% |
Summary: Homes in 90275 had an average of 32 days on market in May 2024, down by 4.8% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 90275 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 41 homes were sold in 90275; 68% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.