Is 90047, 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, 90047 has remained a Seller's Market.
Housing Prices in 90047, CA
How much do homes in 90047, CA cost?
Median Sold Price
$700,562
$520/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 90047 was $700,562 in March 2024, down 2% from last year, and the median price per square foot was $520.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $675K | $360K | -46.7% |
2 Bedrooms | $640K | $606K | -5.3% |
3 Bedrooms | $720K | $742.5K | +3.1% |
4 Bedrooms | $799K | $757K | -5.3% |
5+ Bedrooms | $817K | $935.3K | +14.5% |
Summary: 90047 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.7%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 14.5%.
Housing Supply in 90047, CA
How many homes are available in 90047, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
104 | 101 | -2.9% |
Summary: The 90047 real estate market had 101 homes for sale in March 2024, a 2.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 25 | 18 | -28.0% |
3 Bedrooms | 53 | 56 | +5.7% |
4 Bedrooms | 18 | 17 | -5.6% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The 90047 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 21 | -8.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 90047 in March 2024, down by 8.7% month-over-month. Of the 21 sold homes, 29% were sold under asking, 10% were sold at asking, and 62% were sold over asking.
Days on Market for 90047, CA
How long does it take to sell a home in 90047, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 45 Days | -9.1% |
Summary: Homes in 90047 had an average of 45 days on market in Mar 2024, down by 9.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in 90047; 57% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.