Is 90505, 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, 90505 has remained a Seller's Market.
Housing Prices in 90505, CA
How much do homes in 90505, CA cost?
Median Sold Price
$1,225,000
$709/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 90505 was $1,225,000 in April 2024, down 3.4% from last year, and the median price per square foot was $709.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $552K | $563.2K | +2.0% |
2 Bedrooms | $770K | $680K | -11.7% |
3 Bedrooms | $1.3M | $1.2M | -1.3% |
4 Bedrooms | $1.3M | $1.4M | +8.2% |
5+ Bedrooms | $1.7M | $1.6M | -1.3% |
Summary: 90505 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes decreased by 11.7%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 1.3%.
Housing Supply in 90505, CA
How many homes are available in 90505, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 49 | -10.9% |
Summary: The 90505 real estate market had 49 homes for sale in April 2024, a 10.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 9 | 8 | -11.1% |
3 Bedrooms | 24 | 19 | -20.8% |
4 Bedrooms | 17 | 18 | +5.9% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 90505 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 13 | -40.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 90505 in April 2024, down by 40.9% month-over-month. Of the 13 sold homes, 31% were sold under asking, 8% were sold at asking, and 62% were sold over asking.
Days on Market for 90505, CA
How long does it take to sell a home in 90505, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 23 Days | -29.5% |
Summary: Homes in 90505 had an average of 23 days on market in Apr 2024, down by 29.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in 90505; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.