Is 90305, 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, 90305 has remained a Seller's Market.
Housing Prices in 90305, CA
How much do homes in 90305, CA cost?
Median Sold Price
$767,000
$525/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 90305 was $767,000 in March 2024, down 5.8% from last year, and the median price per square foot was $525.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $754K | $650K | -13.8% |
3 Bedrooms | $835K | $782.5K | -6.3% |
4 Bedrooms | $1.0M | $1.1M | +13.6% |
5+ Bedrooms | $1.4M | $1.3M | -9.9% |
Summary: 90305 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.8%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 9.9%.
Housing Supply in 90305, CA
How many homes are available in 90305, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 38 | 0.0% |
Summary: The 90305 real estate market had 38 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 24 | 24 | 0.0% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 90305 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 decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 90305 in March 2024, the same as the previous month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% were sold over asking.
Days on Market for 90305, CA
How long does it take to sell a home in 90305, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 25 Days | -24.2% |
Summary: Homes in 90305 had an average of 25 days on market in Mar 2024, down by 24.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in 90305; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.