Is 90049, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 90049 was a Seller's Market.
Housing Prices in 90049, CA
How much do homes in 90049, CA cost?
Median Sold Price
$2,472,500
$943/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 90049 was $2,472,500 in February 2024, up 1.9% from last year, and the median price per square foot was $943.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $675K | $590K | -12.6% |
2 Bedrooms | $1.1M | $1.1M | +2.9% |
3 Bedrooms | $2.1M | $2.4M | +14.3% |
4 Bedrooms | $3.2M | $3.4M | +4.2% |
5+ Bedrooms | $6.9M | $6.6M | -4.9% |
Summary: 90049 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.6%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 4.9%.
Housing Supply in 90049, CA
How many homes are available in 90049, CA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
137 | 163 | +19.0% |
Summary: The 90049 real estate market had 163 homes for sale in February 2024, a 19.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 10 | -9.1% |
2 Bedrooms | 26 | 30 | +15.4% |
3 Bedrooms | 31 | 36 | +16.1% |
4 Bedrooms | 20 | 27 | +35.0% |
5+ Bedrooms | 49 | 60 | +22.4% |
Summary: The 90049 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 35%, and 5+ bedroom homes increased by 22.4%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
17 | 21 | +23.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 90049 in February 2024, up by 23.5% month-over-month. Of the 21 sold homes, 57% were sold under asking, 19% were sold at asking, and 24% were sold over asking.
Days on Market for 90049, CA
How long does it take to sell a home in 90049, CA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
39 Days | 45 Days | +16.6% |
Summary: Homes in 90049 had an average of 45 days on market in Feb 2024, up by 16.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During February 2024, 21 homes were sold in 90049; 62% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.