Is 90077, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 90077 has remained a Buyer's Market.
Key Takeaway
90077 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 90077, CA
How much do homes in 90077, CA cost?
Median Sold Price
$2,375,000
$894/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 90077 have sold for 14.7% less than they did a year ago.
Summary: The median home sold price in 90077 was $2,375,000 in May 2024, down 14.7% from last year, and the median price per square foot was $894.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.0M | - | N/A |
| 2 Bedrooms | $889K | $1.3M | +52.7% |
| 3 Bedrooms | $2.2M | $1.8M | -18.3% |
| 4 Bedrooms | $2.7M | $2.4M | -9.5% |
| 5+ Bedrooms | $7.0M | $7.3M | +3.4% |
Summary: 90077 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 52.7%, 3 bedroom homes decreased by 18.3%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 3.4%.
Housing Supply in 90077, CA
How many homes are available in 90077, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 78 | 100 | +28.2% |
Summary: The 90077 real estate market had 100 homes for sale in May 2024, a 28.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 15 | 20 | +33.3% |
| 5+ Bedrooms | 42 | 56 | +33.3% |
Summary: The 90077 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 13 | +116.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 90077, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 90077 in May 2024, up by 116.7% month-over-month. Of the 13 sold homes, 62% were sold under asking, 8% were sold at asking, and 31% were sold over asking.
Days on Market for 90077, CA
How long does it take to sell a home in 90077, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 102 Days | 110 Days | +8.2% |
Summary: Homes in 90077 had an average of 110 days on market in May 2024, up by 8.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 90077 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in 90077; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 23% 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.