Is 90008, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 90008 was a Seller's Market.
Housing Prices in 90008, CA
How much do homes in 90008, CA cost?
Median Sold Price
$1,150,000
$632/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 90008 was $1,150,000 in May 2024, up 7.7% from last year, and the median price per square foot was $632.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $380K | $385K | +1.3% |
2 Bedrooms | $715K | $730K | +2.1% |
3 Bedrooms | $1.1M | $1.2M | +0.6% |
4 Bedrooms | $1.3M | $1.4M | +7.3% |
5+ Bedrooms | $1.8M | $1.4M | -21.9% |
Summary: 90008 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 21.9%.
Housing Supply in 90008, CA
How many homes are available in 90008, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
64 | 81 | +26.6% |
Summary: The 90008 real estate market had 81 homes for sale in May 2024, a 26.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 10 | 15 | +50.0% |
3 Bedrooms | 28 | 35 | +25.0% |
4 Bedrooms | 18 | 19 | +5.6% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The 90008 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 10 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 90008 in May 2024, down by 16.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.
Days on Market for 90008, CA
How long does it take to sell a home in 90008, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
52 Days | 56 Days | +8.3% |
Summary: Homes in 90008 had an average of 56 days on market in May 2024, up by 8.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in 90008; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.