Is 90018, 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, 90018 was a Buyer's Market.
Key Takeaway
90018 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 90018, CA
How much do homes in 90018, CA cost?
Median Sold Price
$1,025,000
$632/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in 90018 have sold for 6.1% less than they did a month ago.
Summary: The median home sold price in 90018 was $1,025,000 in May 2024, down 6.1% from last month, and the median price per square foot was $632.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $739.3K | N/A |
| 2 Bedrooms | $968.4K | $959.9K | -0.9% |
| 3 Bedrooms | $750K | $1.1M | +56.7% |
| 4 Bedrooms | $1.4M | $1.1M | -18.7% |
| 5+ Bedrooms | $1.6M | $1.0M | -35.9% |
Summary: 90018 housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 56.7%, 4 bedroom homes decreased by 18.7%, and 5+ bedroom homes decreased by 35.9%.
Housing Supply in 90018, CA
How many homes are available in 90018, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 78 | 81 | +3.8% |
Summary: The 90018 real estate market had 81 homes for sale in May 2024, a 3.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 24 | 27 | +12.5% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 24 | 27 | +12.5% |
Summary: The 90018 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 90018, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 90018 in May 2024, up by 30.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 23% were sold at asking, and 54% were sold over asking.
Days on Market for 90018, CA
How long does it take to sell a home in 90018, CA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 37 Days | +39.2% |
Summary: Homes in 90018 had an average of 37 days on market in May 2024, up by 39.2% compared to last month.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 90018 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in 90018; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% 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.