Is 90049, 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, 90049 was a Seller's Market.
Housing Prices in 90049, CA
How much do homes in 90049, CA cost?
Median Sold Price
$2,305,000
$933/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 90049 was $2,305,000 in April 2024, down 9.9% from last year, and the median price per square foot was $933.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $655K | $609.5K | -6.9% |
2 Bedrooms | $1.1M | $1.2M | +3.7% |
3 Bedrooms | $2.2M | $2.3M | +1.8% |
4 Bedrooms | $3.3M | $3.2M | -2.6% |
5+ Bedrooms | $6.9M | $6.5M | -5.9% |
Summary: 90049 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.9%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 5.9%.
Housing Supply in 90049, CA
How many homes are available in 90049, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
164 | 190 | +15.9% |
Summary: The 90049 real estate market had 190 homes for sale in April 2024, a 15.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 24 | 35 | +45.8% |
3 Bedrooms | 41 | 42 | +2.4% |
4 Bedrooms | 36 | 41 | +13.9% |
5+ Bedrooms | 55 | 64 | +16.4% |
Summary: The 90049 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 45.8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 16.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 27 | -35.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 90049 in April 2024, down by 35.7% month-over-month. Of the 27 sold homes, 41% were sold under asking, 22% were sold at asking, and 37% were sold over asking.
Days on Market for 90049, CA
How long does it take to sell a home in 90049, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 34 Days | -12.4% |
Summary: Homes in 90049 had an average of 34 days on market in Apr 2024, down by 12.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in 90049; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.