Is 90004, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 90004 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 90004 was a Seller's Market.

Key Takeaway

90004 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 90004, CA

How much do homes in 90004, CA cost?

Median Sold Price

$1,280,400

$692/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$189,600(-12.9%)

Key Takeaway

Homes in 90004 have sold for 12.9% less than they did a year ago.

Summary: The median home sold price in 90004 was $1,280,400 in November 2024, down 12.9% from last year, and the median price per square foot was $692.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $725K$515K
-29.0%
2 $836K$860K
+2.9%
3 $1.5M$1.3M
-17.8%
4 $3.1M$2.0M
-35.5%
5+ $2.0M$2.6M
+29.8%

Summary: 90004 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 17.8%, 4 bedroom homes decreased by 35.5%, and 5+ bedroom homes increased by 29.8%.

Median Sold Price Compared To Nearby Zip Codes

90036
+12.7%
90004
-12.9%

Housing Supply in 90004, CA

How many homes are available in 90004, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
101105+4.0%

Summary: The 90004 real estate market had 105 homes for sale in November 2024, a 4.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 34
+33.3%
2 1717
0.0%
3 2928
-3.4%
4 1820
+11.1%
5+ 3436
+5.9%

Summary: The 90004 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 5.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1317+30.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 90004, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 90004 in November 2024, up by 30.8% month-over-month. Of the 17 sold homes, 53% were sold under asking, 6% were sold at asking, and 41% were sold over asking.

Days on Market for 90004, CA

How long does it take to sell a home in 90004, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
39 Days40 Days+1.8%

Summary: Homes in 90004 had an average of 40 days on market in Nov 2024, up by 1.8% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 90004 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 17 homes were sold in 90004; 53% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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