Is 90048, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
At the same time last year, 90048 was a Seller's Market.
Key Takeaway
90048 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
How much do homes in 90048, CA cost?
Median Sold Price
$2,100,000
$990/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
+$240,556(+12.9%)
Key Takeaway
Homes in 90048 have sold for 12.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | $585K | $650K | +11.1% |
| 2 Bedrooms | $1.1M | $1.3M | +18.7% |
| 3 Bedrooms | $1.9M | $2.2M | +17.2% |
| 4 Bedrooms | $2.8M | $3.2M | +11.4% |
| 5+ Bedrooms | $3.8M | $3.4M | -11.7% |
How many homes are available in 90048, CA?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 85 | 86 | +1.2% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 32 | 28 | -12.5% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 15 | 17 | +13.3% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 90048, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Average Sale Time
| Dec 2021 | Dec 2022 | % |
|---|---|---|
| 36 Days | 25 Days | -30.5% |
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 90048 are selling fast, if you're buying plan to act quickly.
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.