Is 90755, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 90755 is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 90755 was a Neutral Market.

Key Takeaway

90755 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 90755, CA

How much do homes in 90755, CA cost?

Median Sold Price

$588,000

$475/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$122,000(-17.2%)

Key Takeaway

Homes in 90755 have sold for 17.2% less than they did a year ago.

Summary: The median home sold price in 90755 was $588,000 in February 2024, down 17.2% from last year, and the median price per square foot was $475.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $430K$416.5K
-3.1%
2 $562.5K$572K
+1.7%
3 $817.4K$805K
-1.5%
4 $1.1M$1.2M
+6.1%
5+ $1.3M$1.2M
-6.8%

Summary: 90755 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 6.8%.

Median Sold Price Compared To Nearby Zip Codes

90806
+12.4%
90804
+3.4%
90712
+2.4%
90807
-1.7%
90755
-17.2%

Housing Supply in 90755, CA

How many homes are available in 90755, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1517+13.3%

Summary: The 90755 real estate market had 17 homes for sale in February 2024, a 13.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 33
0.0%
2 108
-20.0%
3 14
+300.0%
4 00
0.0%
5+ 12
+100.0%

Summary: The 90755 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 300%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
660.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 90755, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in 90755 in February 2024, the same as the previous month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.

Days on Market for 90755, CA

How long does it take to sell a home in 90755, CA?

Average Sale Time

Feb 2023Feb 2024CHANGE
70 Days27 Days-61.2%

Summary: Homes in 90755 had an average of 27 days on market in Feb 2024, down 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

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 90755 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 6 homes were sold in 90755; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in 90755, CA

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