Is 90716, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 90716 was a Neutral Market.
Key Takeaway
90716 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 90716, CA
How much do homes in 90716, CA cost?
Median Sold Price
$632,450
$608/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 90716 have sold for 18.2% more than they did a month ago.
Summary: The median home sold price in 90716 was $632,450 in April 2024, up 18.2% from last month, and the median price per square foot was $608.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $475K | $572.5K | +20.5% |
| 3 Bedrooms | $595K | $700K | +17.6% |
| 4 Bedrooms | - | $710K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 90716 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 17.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 90716, CA
How many homes are available in 90716, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The 90716 real estate market had 12 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 90716 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 decreased by 16.7%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 8 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 90716, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 90716 in April 2024, up by 300.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for 90716, CA
How long does it take to sell a home in 90716, CA?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 81 Days | 12 Days | -84.4% |
Summary: Homes in 90716 had an average of 12 days on market in Apr 2024, down by 84.4% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 90716 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in 90716; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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.