Is 90272, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 90272 has remained a Seller's Market.
Housing Prices in 90272, CA
How much do homes in 90272, CA cost?
Median Sold Price
$3,200,000
$1,224/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 90272 was $3,200,000 in March 2024, down 26.3% from last year, and the median price per square foot was $1,224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $860K | $550K | -36.0% |
2 Bedrooms | $1.5M | $1.4M | -7.9% |
3 Bedrooms | $3.0M | $2.5M | -17.6% |
4 Bedrooms | $4.6M | $3.9M | -14.5% |
5+ Bedrooms | $6.1M | $5.7M | -6.6% |
Summary: 90272 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes decreased by 6.6%.
Housing Supply in 90272, CA
How many homes are available in 90272, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
107 | 122 | +14.0% |
Summary: The 90272 real estate market had 122 homes for sale in March 2024, a 14.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 12 | 13 | +8.3% |
3 Bedrooms | 24 | 27 | +12.5% |
4 Bedrooms | 21 | 21 | 0.0% |
5+ Bedrooms | 45 | 56 | +24.4% |
Summary: The 90272 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 increased by 8.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 24.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 23 | +91.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 90272 in March 2024, up by 91.7% month-over-month. Of the 23 sold homes, 39% were sold under asking, 17% were sold at asking, and 43% were sold over asking.
Days on Market for 90272, CA
How long does it take to sell a home in 90272, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 40 Days | +38.5% |
Summary: Homes in 90272 had an average of 40 days on market in Mar 2024, up by 38.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in 90272; 70% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.