Is 90029, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 90029 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 90029 has remained a Buyer's Market.

Key Takeaway

90029 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 90029, CA

How much do homes in 90029, CA cost?

Median Sold Price

$1,150,000

$458/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$300,000(-20.7%)

Key Takeaway

Homes in 90029 have sold for 20.7% less than they did a month ago.

Summary: The median home sold price in 90029 was $1,150,000 in October 2024, down 20.7% from last month, and the median price per square foot was $458.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$620K
N/A
2 -$1.2M
N/A
3 $1.0M$825K
-20.3%
4 $1.2M-
N/A
5+ $1.4M$1.1M
-19.0%

Summary: 90029 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 did not change, 3 bedroom homes decreased by 20.3%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 19%.

Housing Supply in 90029, CA

How many homes are available in 90029, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4051+27.5%

Summary: The 90029 real estate market had 51 homes for sale in October 2024, a 27.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 69
+50.0%
3 912
+33.3%
4 910
+11.1%
5+ 1518
+20.0%

Summary: The 90029 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
550.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 90029, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in 90029 in October 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.

Days on Market for 90029, CA

How long does it take to sell a home in 90029, CA?

Average Sale Time

Sep 2024Oct 2024CHANGE
136 Days11 Days-91.8%

Summary: Homes in 90029 had an average of 11 days on market in Oct 2024, down by 91.8% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 90029 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 90029; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 23 Days Ago

Newest Listings in 90029, CA

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