$3,130,000
11,208 SqFt
18 Beds
•16 Baths
Maria Samouha, Listing Office: Coldwell Banker Realty
Is 90005, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 90005 has remained a Buyer's Market.
Key Takeaway
90005 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 90005, CA
How much do homes in 90005, CA cost?
Median Sold Price
$850,000
$595/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$137,500(-13.9%)
Key Takeaway
Homes in 90005 have sold for 13.9% less than they did a month ago.
Summary: The median home sold price in 90005 was $850,000 in October 2024, down 13.9% from last month, and the median price per square foot was $595.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $480K | N/A |
| 2 Bedrooms | $642K | $655K | +2.0% |
| 3 Bedrooms | $1.3M | $1.6M | +28.3% |
| 4 Bedrooms | $2.7M | $1.2M | -52.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: 90005 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 28.3%, 4 bedroom homes decreased by 52.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 90010 | $665K | $812.5K | +22.2% |
| 90005 | $987.5K | $850K | -13.9% |
| 90020 | $886K | $701K | -20.9% |
Housing Supply in 90005, CA
How many homes are available in 90005, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 51 | +18.6% |
Summary: The 90005 real estate market had 51 homes for sale in October 2024, a 18.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The 90005 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 90005, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 90005 in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for 90005, CA
How long does it take to sell a home in 90005, CA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 87 Days | +377.5% |
Summary: Homes in 90005 had an average of 87 days on market in Oct 2024, up by 377.5% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 90005 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 90005; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% 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.