Is 90049, 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, 90049 was a Seller's Market.
Housing Prices in 90049, CA
How much do homes in 90049, CA cost?
Median Sold Price
$2,300,000
$924/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 90049 was $2,300,000 in May 2024, down 10.7% from last year, and the median price per square foot was $924.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $648.7K | $609.5K | -6.1% |
2 Bedrooms | $1.1M | $1.2M | +4.9% |
3 Bedrooms | $2.2M | $2.2M | -1.4% |
4 Bedrooms | $3.3M | $3.3M | 0.0% |
5+ Bedrooms | $6.8M | $6.5M | -5.2% |
Summary: 90049 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 5.2%.
Housing Supply in 90049, CA
How many homes are available in 90049, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
174 | 220 | +26.4% |
Summary: The 90049 real estate market had 220 homes for sale in May 2024, a 26.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 35 | 48 | +37.1% |
3 Bedrooms | 38 | 40 | +5.3% |
4 Bedrooms | 39 | 51 | +30.8% |
5+ Bedrooms | 54 | 73 | +35.2% |
Summary: The 90049 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 35.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 35 | +29.6% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in 90049 in May 2024, up by 29.6% month-over-month. Of the 35 sold homes, 77% were sold under asking, 6% were sold at asking, and 17% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 25 Days | -32.4% |
Summary: Homes in 90049 had an average of 25 days on market in May 2024, down by 32.4% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 35 homes were sold in 90049; 74% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.