Is 90046, 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, 90046 was a Seller's Market.
Housing Prices in 90046, CA
How much do homes in 90046, CA cost?
Median Sold Price
$1,675,000
$855/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 90046 was $1,675,000 in March 2024, up 4.4% from last year, and the median price per square foot was $855.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $572.4K | $575K | 0.4% |
2 Bedrooms | $1.1M | $1.2M | +10.0% |
3 Bedrooms | $1.8M | $1.9M | +4.3% |
4 Bedrooms | $2.7M | $2.5M | -6.2% |
5+ Bedrooms | $4.0M | $3.1M | -22.0% |
Summary: 90046 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes decreased by 22%.
Housing Supply in 90046, CA
How many homes are available in 90046, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
183 | 213 | +16.4% |
Summary: The 90046 real estate market had 213 homes for sale in March 2024, a 16.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 23 | +27.8% |
2 Bedrooms | 42 | 45 | +7.1% |
3 Bedrooms | 37 | 51 | +37.8% |
4 Bedrooms | 42 | 48 | +14.3% |
5+ Bedrooms | 44 | 46 | +4.5% |
Summary: The 90046 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.8%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 37.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 28 | +27.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in 90046 in March 2024, up by 27.3% month-over-month. Of the 28 sold homes, 43% were sold under asking, 25% were sold at asking, and 32% were sold over asking.
Days on Market for 90046, CA
How long does it take to sell a home in 90046, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 37 Days | -29.8% |
Summary: Homes in 90046 had an average of 37 days on market in Mar 2024, down by 29.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in 90046; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.