Is 90241, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 90241 has remained a Seller's Market.
Housing Prices in 90241, CA
How much do homes in 90241, CA cost?
Median Sold Price
$815,000
$550/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 90241 was $815,000 in April 2024, up 4.5% from last year, and the median price per square foot was $550.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $284.5K | $317.5K | +11.6% |
2 Bedrooms | $677.5K | $690.5K | +1.9% |
3 Bedrooms | $820K | $853K | +4.0% |
4 Bedrooms | $925K | $950K | +2.7% |
5+ Bedrooms | $1.4M | $1.4M | +1.8% |
Summary: 90241 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.6%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 1.8%.
Housing Supply in 90241, CA
How many homes are available in 90241, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 32 | -11.1% |
Summary: The 90241 real estate market had 32 homes for sale in April 2024, a 11.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 7 | 2 | -71.4% |
3 Bedrooms | 14 | 14 | 0.0% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 90241 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 71.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 11 | -8.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 90241 in April 2024, down by 8.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for 90241, CA
How long does it take to sell a home in 90241, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 13 Days | -2.0% |
Summary: Homes in 90241 had an average of 13 days on market in Apr 2024, down by 2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in 90241; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.