Is 90631, 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, 90631 has remained a Seller's Market.
Housing Prices in 90631, CA
How much do homes in 90631, CA cost?
Median Sold Price
$828,000
$532/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 90631 was $828,000 in March 2024, up 2.2% from last year, and the median price per square foot was $532.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $416K | $413.5K | -0.6% |
2 Bedrooms | $519.7K | $542K | +4.3% |
3 Bedrooms | $800K | $805K | +0.6% |
4 Bedrooms | $955K | $1.0M | +10.5% |
5+ Bedrooms | $1.6M | $1.3M | -13.4% |
Summary: 90631 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 13.4%.
Housing Supply in 90631, CA
How many homes are available in 90631, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
103 | 106 | +2.9% |
Summary: The 90631 real estate market had 106 homes for sale in March 2024, a 2.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 8 | +100.0% |
2 Bedrooms | 24 | 24 | 0.0% |
3 Bedrooms | 35 | 34 | -2.9% |
4 Bedrooms | 32 | 29 | -9.4% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The 90631 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 35 | +29.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in 90631 in March 2024, up by 29.6% month-over-month. Of the 35 sold homes, 34% were sold under asking, 14% were sold at asking, and 51% were sold over asking.
Days on Market for 90631, CA
How long does it take to sell a home in 90631, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 26 Days | -44.7% |
Summary: Homes in 90631 had an average of 26 days on market in Mar 2024, down by 44.7% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 35 homes were sold in 90631; 80% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.