Is 90048, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 90048 was a Seller's Market.
Housing Prices in 90048, CA
How much do homes in 90048, CA cost?
Median Sold Price
$2,050,000
$918/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 90048 was $2,050,000 in April 2024, up 1.2% from last year, and the median price per square foot was $918.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $635K | $620K | -2.4% |
2 Bedrooms | $1.3M | $1.3M | +1.5% |
3 Bedrooms | $2.1M | $2.1M | +1.3% |
4 Bedrooms | $2.9M | $2.6M | -9.6% |
5+ Bedrooms | $3.0M | $2.8M | -7.7% |
Summary: 90048 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes decreased by 7.7%.
Housing Supply in 90048, CA
How many homes are available in 90048, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
117 | 140 | +19.7% |
Summary: The 90048 real estate market had 140 homes for sale in April 2024, a 19.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 19 | +26.7% |
2 Bedrooms | 31 | 31 | 0.0% |
3 Bedrooms | 22 | 31 | +40.9% |
4 Bedrooms | 23 | 25 | +8.7% |
5+ Bedrooms | 26 | 34 | +30.8% |
Summary: The 90048 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 26.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 40.9%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 23 | +53.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 90048 in April 2024, up by 53.3% month-over-month. Of the 23 sold homes, 61% were sold under asking, 17% were sold at asking, and 22% were sold over asking.
Days on Market for 90048, CA
How long does it take to sell a home in 90048, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 76 Days | +140.3% |
Summary: Homes in 90048 had an average of 76 days on market in Apr 2024, up by 140.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in 90048; 35% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.