Is 90230, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 90230 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 90230 has remained a Seller's Market.

Key Takeaway

90230 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 90230, CA

How much do homes in 90230, CA cost?

Median Sold Price

$975,000

$750/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$70,000(+7.7%)

Key Takeaway

Homes in 90230 have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in 90230 was $975,000 in April 2024, up 7.7% from last year, and the median price per square foot was $750.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $529.5K$515K
-2.7%
2 $673.9K$690K
+2.4%
3 $1.3M$1.3M
-2.3%
4 $1.7M$1.7M
-0.4%
5+ $1.7M$2.6M
+46.1%

Summary: 90230 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 46.1%.

Median Sold Price Compared To Nearby Zip Codes

90056
+10.3%
90230
+7.7%
90066
+7.2%
90232
+1.9%
90094
-2.2%

Housing Supply in 90230, CA

How many homes are available in 90230, CA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
8985-4.5%

Summary: The 90230 real estate market had 85 homes for sale in April 2024, a 4.5% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1413
-7.1%
2 3430
-11.8%
3 2523
-8.0%
4 1111
0.0%
5+ 58
+60.0%

Summary: The 90230 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes decreased by 8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2722-18.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 90230, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.

Summary: A total of 22 homes were sold or pending in 90230 in April 2024, down by 18.5% month-over-month. Of the 22 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% were sold over asking.

Days on Market for 90230, CA

How long does it take to sell a home in 90230, CA?

Average Sale Time

Apr 2023Apr 2024CHANGE
21 Days18 Days-17.7%

Summary: Homes in 90230 had an average of 18 days on market in Apr 2024, down by 17.7% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 90230 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 22 homes were sold in 90230; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

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

Report Updated 4 Days Ago

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