Is 90016, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 90016 has remained a Seller's Market.
Key Takeaway
90016 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 90016, CA
How much do homes in 90016, CA cost?
Median Sold Price
$932,500
$689/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 90016 have sold for 3.6% less than they did a month ago.
Summary: The median home sold price in 90016 was $932,500 in April 2024, down 3.6% from last month, and the median price per square foot was $689.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $576.7K | N/A |
| 2 Bedrooms | $795.5K | $885K | +11.3% |
| 3 Bedrooms | $955K | $905K | -5.2% |
| 4 Bedrooms | $1.0M | $1.4M | +47.3% |
| 5+ Bedrooms | $1.6M | $1.5M | -6.1% |
Summary: 90016 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.3%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 47.3%, and 5+ bedroom homes decreased by 6.1%.
Housing Supply in 90016, CA
How many homes are available in 90016, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 91 | 111 | +22.0% |
Summary: The 90016 real estate market had 111 homes for sale in April 2024, a 22.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 25 | 26 | +4.0% |
| 3 Bedrooms | 31 | 35 | +12.9% |
| 4 Bedrooms | 12 | 17 | +41.7% |
| 5+ Bedrooms | 19 | 27 | +42.1% |
Summary: The 90016 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 42.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 22 | +22.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 90016, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in 90016 in April 2024, up by 22.2% month-over-month. Of the 22 sold homes, 41% were sold under asking, 9% were sold at asking, and 50% were sold over asking.
Days on Market for 90016, CA
How long does it take to sell a home in 90016, CA?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 30 Days | -3.5% |
Summary: Homes in 90016 had an average of 30 days on market in Apr 2024, down by 3.5% compared to last month.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 90016 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in 90016; 64% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% 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.