Is 90046, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 90046 has remained a Seller's Market.
Key Takeaway
90046 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 90046, CA
How much do homes in 90046, CA cost?
Median Sold Price
$1,726,849
$857/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 90046 have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in 90046 was $1,726,849 in April 2024, up 11.4% from last year, and the median price per square foot was $857.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $575.5K | $585K | +1.6% |
| 2 Bedrooms | $1.0M | $1.2M | +12.5% |
| 3 Bedrooms | $1.7M | $1.9M | +10.8% |
| 4 Bedrooms | $2.5M | $2.7M | +9.6% |
| 5+ Bedrooms | $3.7M | $3.3M | -12.8% |
Summary: 90046 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 12.8%.
Housing Supply in 90046, CA
How many homes are available in 90046, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 184 | 232 | +26.1% |
Summary: The 90046 real estate market had 232 homes for sale in April 2024, a 26.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 34 | +54.5% |
| 2 Bedrooms | 42 | 48 | +14.3% |
| 3 Bedrooms | 44 | 59 | +34.1% |
| 4 Bedrooms | 36 | 46 | +27.8% |
| 5+ Bedrooms | 40 | 45 | +12.5% |
Summary: The 90046 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 54.5%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 34.1%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 40 | +42.9% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 90046, you may be able to get a good deal. 52.5% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in 90046 in April 2024, up by 42.9% month-over-month. Of the 40 sold homes, 53% were sold under asking, 15% were sold at asking, and 33% were sold over asking.
Days on Market for 90046, CA
How long does it take to sell a home in 90046, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 58 Days | 37 Days | -36.0% |
Summary: Homes in 90046 had an average of 37 days on market in Apr 2024, down by 36% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 90046 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 40 homes were sold in 90046; 65% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 10% 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.