Is 90405, 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, 90405 has remained a Seller's Market.
Housing Prices in 90405, CA
How much do homes in 90405, CA cost?
Median Sold Price
$1,840,000
$1,143/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 90405 was $1,840,000 in April 2024, up 9.8% from last year, and the median price per square foot was $1,143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $680K | $739.5K | +8.8% |
2 Bedrooms | $1.4M | $1.4M | +1.7% |
3 Bedrooms | $2.1M | $2.1M | -1.3% |
4 Bedrooms | $3.2M | $2.3M | -29.9% |
5+ Bedrooms | $2.6M | $2.3M | -14.3% |
Summary: 90405 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 29.9%, and 5+ bedroom homes decreased by 14.3%.
Housing Supply in 90405, CA
How many homes are available in 90405, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
68 | 87 | +27.9% |
Summary: The 90405 real estate market had 87 homes for sale in April 2024, a 27.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 22 | 26 | +18.2% |
3 Bedrooms | 17 | 24 | +41.2% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 15 | 21 | +40.0% |
Summary: The 90405 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 18.2%, 3 bedroom homes increased by 41.2%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 20 | +100.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 90405 in April 2024, up by 100.0% month-over-month. Of the 20 sold homes, 35% were sold under asking, 15% were sold at asking, and 50% were sold over asking.
Days on Market for 90405, CA
How long does it take to sell a home in 90405, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 29 Days | +113.1% |
Summary: Homes in 90405 had an average of 29 days on market in Apr 2024, up by 113.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in 90405; 75% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.