Is 90650, 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, 90650 has remained a Seller's Market.
Housing Prices in 90650, CA
How much do homes in 90650, CA cost?
Median Sold Price
$695,000
$576/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 90650 was $695,000 in March 2024, up 3% from last year, and the median price per square foot was $576.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $392K | $437K | +11.5% |
2 Bedrooms | $625K | $630K | +0.8% |
3 Bedrooms | $686K | $719.9K | +5.0% |
4 Bedrooms | $772K | $750K | -2.8% |
5+ Bedrooms | $792.5K | $750K | -5.4% |
Summary: 90650 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 5.4%.
Housing Supply in 90650, CA
How many homes are available in 90650, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
103 | 97 | -5.8% |
Summary: The 90650 real estate market had 97 homes for sale in March 2024, a 5.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 27 | 24 | -11.1% |
3 Bedrooms | 56 | 52 | -7.1% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 90650 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 11.1%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 24 | -29.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 90650 in March 2024, down by 29.4% month-over-month. Of the 24 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for 90650, CA
How long does it take to sell a home in 90650, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 20 Days | -26.8% |
Summary: Homes in 90650 had an average of 20 days on market in Mar 2024, down by 26.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in 90650; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.