Is 90056, 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, 90056 was a Seller's Market.
Housing Prices in 90056, CA
How much do homes in 90056, CA cost?
Median Sold Price
$1,515,000
$614/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 90056 was $1,515,000 in March 2024, up 4.5% from last year, and the median price per square foot was $614.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $615K | $625K | +1.6% |
3 Bedrooms | $1.3M | $1.3M | +3.6% |
4 Bedrooms | $1.6M | $1.9M | +18.8% |
5+ Bedrooms | $2.3M | $1.8M | -19.2% |
Summary: 90056 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 19.2%.
Housing Supply in 90056, CA
How many homes are available in 90056, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 19 | -13.6% |
Summary: The 90056 real estate market had 19 homes for sale in March 2024, a 13.6% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 90056 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 90056 in March 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 90056, CA
How long does it take to sell a home in 90056, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 36 Days | +65.1% |
Summary: Homes in 90056 had an average of 36 days on market in Mar 2024, up by 65.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in 90056; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.