Is 90048, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 90048 is a neutral'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

# BEDSDec 2021Dec 2022%
1 $585K$650K
+11.1%
2 $1.1M$1.3M
+18.7%
3 $1.9M$2.2M
+17.2%
4 $2.8M$3.2M
+11.4%
5+ $3.8M$3.4M
-11.7%

Median Sold Price Compared To Nearby Zip Codes

90048
+12.9%
90046
+5.4%
90211
+4.4%
90036
+1.3%
90069
+1.1%

How many homes are available in 90048, CA?

Number of Homes For Sale

Nov 2022Dec 2022%
8586+1.2%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 87
-12.5%
2 3228
-12.5%
3 2022
+10.0%
4 1012
+20.0%
5+ 1517
+13.3%

Number of Homes Sold

Nov 2022Dec 2022%
1013+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

Asking vs Sold - buyer

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 2021Dec 2022%
36 Days25 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 90048 are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 90048, CA

Homes for sale in 90048, CA have reached 86. The number of homes for sale in 90048, CA increased by 1.2% between November 2022 and December 2022. In December 2022, listings were on the market for 25 days. During the same period, the median list price in this real estate market was $2,100,000. This housing market listing prices have changed between November 2022 and December 2022: the cost of 1 bedroom properties went up by 11.1%, 2 bedrooms properties prices increased by 18.7%, 3 bedrooms properties prices increased by 17.2%, prices of 4 bedrooms properties went up by 11.4%, the cost of 5 bedrooms properties went down by 11.7%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes went down by 12.5%, 2 bedrooms homes inventory decreased by 12.5%, 3 bedrooms homes inventory increased by 10%, the quantity of 4 bedrooms homes went up by 20%, 5 bedrooms homes became 13.3% more available. In December 2022 more than 6 listings in 90048, CA were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 6 were sold below.