Is 90247, 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, 90247 has remained a Seller's Market.
Housing Prices in 90247, CA
How much do homes in 90247, CA cost?
Median Sold Price
$711,000
$505/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 90247 was $711,000 in April 2024, up 3% from last year, and the median price per square foot was $505.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $555K | $587.5K | +5.9% |
3 Bedrooms | $725K | $729.9K | +0.7% |
4 Bedrooms | $800K | $820K | +2.5% |
5+ Bedrooms | $1.0M | $928.5K | -8.1% |
Summary: 90247 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 8.1%.
Housing Supply in 90247, CA
How many homes are available in 90247, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 44 | +10.0% |
Summary: The 90247 real estate market had 44 homes for sale in April 2024, a 10.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 11 | -15.4% |
3 Bedrooms | 18 | 20 | +11.1% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 90247 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 decreased by 15.4%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 14 | +27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 90247 in April 2024, up by 27.3% month-over-month. Of the 14 sold homes, 36% were sold under asking, 0% were sold at asking, and 64% were sold over asking.
Days on Market for 90247, CA
How long does it take to sell a home in 90247, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 28 Days | -8.9% |
Summary: Homes in 90247 had an average of 28 days on market in Apr 2024, down by 8.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in 90247; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.