Is 90003, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 90003 was a Neutral Market.
Housing Prices in 90003, CA
How much do homes in 90003, CA cost?
Median Sold Price
$609,500
$467/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in 90003 was $609,500 in March 2024, down 6.2% from last month, and the median price per square foot was $467.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $365.7K | - | N/A |
2 Bedrooms | - | $550K | N/A |
3 Bedrooms | $625K | $600K | -4.0% |
4 Bedrooms | $650K | $737.5K | +13.5% |
5+ Bedrooms | $1.3M | $765K | -41.2% |
Summary: 90003 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 41.2%.
Housing Supply in 90003, CA
How many homes are available in 90003, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
47 | 53 | +12.8% |
Summary: The 90003 real estate market had 53 homes for sale in March 2024, a 12.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 8 | 15 | +87.5% |
3 Bedrooms | 15 | 16 | +6.7% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The 90003 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 87.5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 12 | +71.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 90003 in March 2024, up by 71.4% month-over-month. Of the 12 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for 90003, CA
How long does it take to sell a home in 90003, CA?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 34 Days | +45.3% |
Summary: Homes in 90003 had an average of 34 days on market in Mar 2024, up by 45.3% compared to last month.
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 90003; 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.