Is 90603, 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, 90603 has remained a Seller's Market.
Key Takeaway
90603 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 90603, CA
How much do homes in 90603, CA cost?
Median Sold Price
$816,650
$534/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 90603 have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in 90603 was $816,650 in March 2024, up 2.3% from last year, and the median price per square foot was $534.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $463K | $423K | -8.6% |
| 2 Bedrooms | $488K | $690K | +41.4% |
| 3 Bedrooms | $780K | $811.5K | +4.0% |
| 4 Bedrooms | $905K | $909.5K | 0.5% |
| 5+ Bedrooms | $1.1M | $1.4M | +17.9% |
Summary: 90603 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.6%, 2 bedroom homes increased by 41.4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 17.9%.
Housing Supply in 90603, CA
How many homes are available in 90603, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 30 | -9.1% |
Summary: The 90603 real estate market had 30 homes for sale in March 2024, a 9.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 90603 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 40%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 90603, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 90603 in March 2024, the same as the previous month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 90603, CA
How long does it take to sell a home in 90603, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 45 Days | +61.2% |
Summary: Homes in 90603 had an average of 45 days on market in Mar 2024, up by 61.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 90603 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in 90603; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.