Is 90731, 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, 90731 has remained a Seller's Market.
Key Takeaway
90731 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 90731, CA
How much do homes in 90731, CA cost?
Median Sold Price
$857,000
$570/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 90731 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 90731 was $857,000 in March 2024, up 7.1% from last year, and the median price per square foot was $570.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $420K | $478.7K | +14.0% |
| 2 Bedrooms | $677K | $659K | -2.7% |
| 3 Bedrooms | $829.5K | $874K | +5.4% |
| 4 Bedrooms | $1.0M | $1.0M | -1.2% |
| 5+ Bedrooms | $1.2M | $1.0M | -17.7% |
Summary: 90731 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 17.7%.
Housing Supply in 90731, CA
How many homes are available in 90731, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 86 | 79 | -8.1% |
Summary: The 90731 real estate market had 79 homes for sale in March 2024, a 8.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 25 | 16 | -36.0% |
| 3 Bedrooms | 27 | 27 | 0.0% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The 90731 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 36%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 90731, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 90731 in March 2024, down by 4.5% month-over-month. Of the 21 sold homes, 43% were sold under asking, 5% were sold at asking, and 52% were sold over asking.
Days on Market for 90731, CA
How long does it take to sell a home in 90731, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 32 Days | 43 Days | +34.9% |
Summary: Homes in 90731 had an average of 43 days on market in Mar 2024, up by 34.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 90731 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 21 homes were sold in 90731; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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.