Is 90048, 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, 90048 was a Seller's Market.
Housing Prices in 90048, CA
How much do homes in 90048, CA cost?
Median Sold Price
$1,950,000
$920/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 90048 was $1,950,000 in March 2024, down 7.8% from last year, and the median price per square foot was $920.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $645K | $626K | -2.9% |
2 Bedrooms | $1.4M | $1.2M | -11.5% |
3 Bedrooms | $2.2M | $2.1M | -4.4% |
4 Bedrooms | $3.0M | $2.5M | -16.3% |
5+ Bedrooms | $3.0M | $3.0M | -1.2% |
Summary: 90048 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes decreased by 11.5%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 16.3%, and 5+ bedroom homes decreased by 1.2%.
Housing Supply in 90048, CA
How many homes are available in 90048, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
99 | 125 | +26.3% |
Summary: The 90048 real estate market had 125 homes for sale in March 2024, a 26.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 16 | +77.8% |
2 Bedrooms | 33 | 35 | +6.1% |
3 Bedrooms | 17 | 22 | +29.4% |
4 Bedrooms | 14 | 24 | +71.4% |
5+ Bedrooms | 26 | 28 | +7.7% |
Summary: The 90048 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 77.8%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 14 | +16.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 90048 in March 2024, up by 16.7% month-over-month. Of the 14 sold homes, 71% were sold under asking, 7% were sold at asking, and 21% were sold over asking.
Days on Market for 90048, CA
How long does it take to sell a home in 90048, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 36 Days | -27.9% |
Summary: Homes in 90048 had an average of 36 days on market in Mar 2024, down by 27.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 90048; 50% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.