Is 90027, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 90027 was a Seller's Market.
Housing Prices in 90027, CA
How much do homes in 90027, CA cost?
Median Sold Price
$1,900,000
$938/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 90027 was $1,900,000 in March 2024, down 1% from last year, and the median price per square foot was $938.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $755K | $609K | -19.3% |
2 Bedrooms | $977.9K | $1.0M | +5.4% |
3 Bedrooms | $1.8M | $1.9M | +6.4% |
4 Bedrooms | $3.1M | $2.2M | -27.3% |
5+ Bedrooms | $3.6M | $3.4M | -5.1% |
Summary: 90027 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.3%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 5.1%.
Housing Supply in 90027, CA
How many homes are available in 90027, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 84 | +31.3% |
Summary: The 90027 real estate market had 84 homes for sale in March 2024, a 31.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 9 | 14 | +55.6% |
3 Bedrooms | 11 | 16 | +45.5% |
4 Bedrooms | 20 | 25 | +25.0% |
5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The 90027 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 55.6%, 3 bedroom homes increased by 45.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 8 | -27.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 90027 in March 2024, down by 27.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for 90027, CA
How long does it take to sell a home in 90027, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 23 Days | -29.9% |
Summary: Homes in 90027 had an average of 23 days on market in Mar 2024, down by 29.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in 90027; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.