Is 90002, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 90002 has remained a Seller's Market.
Housing Prices in 90002, CA
How much do homes in 90002, CA cost?
Median Sold Price
$560,000
$525/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 90002 was $560,000 in March 2024, up 1.8% from last year, and the median price per square foot was $525.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $370K | $280K | -24.3% |
2 Bedrooms | $500K | $525K | +5.0% |
3 Bedrooms | $565K | $582.5K | +3.1% |
4 Bedrooms | $599.9K | $600K | 0.0% |
5+ Bedrooms | $817.5K | $878.6K | +7.5% |
Summary: 90002 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.3%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 3.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Zip Codes
90059 | $550K | $562.5K | +2.3% |
90002 | $550K | $560K | +1.8% |
Housing Supply in 90002, CA
How many homes are available in 90002, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
54 | 53 | -1.9% |
Summary: The 90002 real estate market had 53 homes for sale in March 2024, a 1.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 14 | -6.7% |
3 Bedrooms | 18 | 16 | -11.1% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The 90002 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 12 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 90002 in March 2024, up by 20.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for 90002, CA
How long does it take to sell a home in 90002, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 54 Days | +25.0% |
Summary: Homes in 90002 had an average of 54 days on market in Mar 2024, up by 25% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in 90002; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.