Is 90802, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 90802 has remained a Seller's Market.
Housing Prices in 90802, CA
How much do homes in 90802, CA cost?
Median Sold Price
$530,000
$599/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 90802 was $530,000 in February 2024, up 1.6% from last year, and the median price per square foot was $599.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $430K | $440K | +2.3% |
2 Bedrooms | $570K | $565K | -0.9% |
3 Bedrooms | $833.7K | $950K | +13.9% |
4 Bedrooms | $2.4M | $1.2M | -47.6% |
5+ Bedrooms | $1.2M | $6.2M | +399.0% |
Summary: 90802 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 13.9%, 4 bedroom homes decreased by 47.6%, and 5+ bedroom homes increased by 399%.
Housing Supply in 90802, CA
How many homes are available in 90802, CA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
105 | 111 | +5.7% |
Summary: The 90802 real estate market had 111 homes for sale in February 2024, a 5.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 52 | 46 | -11.5% |
2 Bedrooms | 41 | 48 | +17.1% |
3 Bedrooms | 11 | 15 | +36.4% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 90802 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.5%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 36.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
24 | 19 | -20.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 90802 in February 2024, down by 20.8% month-over-month. Of the 19 sold homes, 58% were sold under asking, 16% were sold at asking, and 26% were sold over asking.
Days on Market for 90802, CA
How long does it take to sell a home in 90802, CA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
37 Days | 48 Days | +30.8% |
Summary: Homes in 90802 had an average of 48 days on market in Feb 2024, up by 30.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 19 homes were sold in 90802; 42% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.