Is 90242, 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, 90242 has remained a Seller's Market.
Housing Prices in 90242, CA
How much do homes in 90242, CA cost?
Median Sold Price
$785,000
$545/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 90242 was $785,000 in April 2024, up 7.2% from last year, and the median price per square foot was $545.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $442.5K | $465K | +5.1% |
2 Bedrooms | $590K | $715K | +21.2% |
3 Bedrooms | $751K | $795K | +5.9% |
4 Bedrooms | $840K | $875K | +4.2% |
5+ Bedrooms | $947.5K | $1.2M | +27.7% |
Summary: 90242 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 27.7%.
Housing Supply in 90242, CA
How many homes are available in 90242, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 26 | -16.1% |
Summary: The 90242 real estate market had 26 homes for sale in April 2024, a 16.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 17 | 12 | -29.4% |
4 Bedrooms | 6 | 4 | -33.3% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 90242 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 8 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 90242 in April 2024, down by 42.9% month-over-month. Of the 8 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for 90242, CA
How long does it take to sell a home in 90242, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 20 Days | -29.7% |
Summary: Homes in 90242 had an average of 20 days on market in Apr 2024, down by 29.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in 90242; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.