Is 90032, 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, 90032 has remained a Seller's Market.
Housing Prices in 90032, CA
How much do homes in 90032, CA cost?
Median Sold Price
$827,500
$667/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 90032 was $827,500 in March 2024, down 2.6% from last year, and the median price per square foot was $667.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $500K | $587.5K | +17.5% |
2 Bedrooms | $810.5K | $740K | -8.7% |
3 Bedrooms | $877.2K | $865K | -1.4% |
4 Bedrooms | $950K | $949K | -0.1% |
5+ Bedrooms | $1.0M | $1.2M | +12.0% |
Summary: 90032 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.5%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 12%.
Housing Supply in 90032, CA
How many homes are available in 90032, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
56 | 54 | -3.6% |
Summary: The 90032 real estate market had 54 homes for sale in March 2024, a 3.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 13 | 10 | -23.1% |
3 Bedrooms | 25 | 24 | -4.0% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 90032 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 11 | -31.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 90032 in March 2024, down by 31.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 0% were sold at asking, and 55% were sold over asking.
Days on Market for 90032, CA
How long does it take to sell a home in 90032, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 34 Days | +15.3% |
Summary: Homes in 90032 had an average of 34 days on market in Mar 2024, up by 15.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 90032; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.