Is 90042, 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, 90042 has remained a Seller's Market.
Key Takeaway
90042 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 90042, CA
How much do homes in 90042, CA cost?
Median Sold Price
$1,025,000
$812/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 90042 have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in 90042 was $1,025,000 in March 2024, up 4.2% from last year, and the median price per square foot was $812.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $485K | $717.5K | +47.9% |
| 2 Bedrooms | $755K | $790K | +4.6% |
| 3 Bedrooms | $1.1M | $1.1M | +0.6% |
| 4 Bedrooms | $1.4M | $1.4M | +5.4% |
| 5+ Bedrooms | $1.2M | $1.7M | +33.3% |
Summary: 90042 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.9%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 33.3%.
Housing Supply in 90042, CA
How many homes are available in 90042, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 53 | 55 | +3.8% |
Summary: The 90042 real estate market had 55 homes for sale in March 2024, a 3.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 26 | 27 | +3.8% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 90042 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 90042, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in 90042 in March 2024, the same as the previous month. Of the 12 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for 90042, CA
How long does it take to sell a home in 90042, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 11 Days | -76.3% |
Summary: Homes in 90042 had an average of 11 days on market in Mar 2024, down by 76.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 90042 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in 90042; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.