$10,000 Closing Credit*
$899,000
1,364 SqFt
3 Beds
•2 Full Baths
Vanessa Yan, Listing Office: Soulful Abode Los Angeles
Is 90031, 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, 90031 has remained a Seller's Market.
Key Takeaway
90031 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 90031, CA
How much do homes in 90031, CA cost?
Median Sold Price
$900,000
$741/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$70,500(+8.5%)
Key Takeaway
Homes in 90031 have sold for 8.5% more than they did a month ago.
Summary: The median home sold price in 90031 was $900,000 in October 2024, up 8.5% from last month, and the median price per square foot was $741.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $435K | - | N/A |
| 2 Bedrooms | $810K | $1.0M | +34.6% |
| 3 Bedrooms | $849K | $1.2M | +50.8% |
| 4 Bedrooms | - | $760K | N/A |
| 5+ Bedrooms | $1.2M | $775K | -39.9% |
Summary: 90031 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 34.6%, 3 bedroom homes increased by 50.8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 39.9%.
Median Sold Price Compared To Nearby Zip Codes
| 90031 | $829.5K | $900K | +8.5% |
| 90012 | $597.5K | $499K | -16.5% |
Housing Supply in 90031, CA
How many homes are available in 90031, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 40 | +11.1% |
Summary: The 90031 real estate market had 40 homes for sale in October 2024, a 11.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 8 | -33.3% |
| 3 Bedrooms | 9 | 13 | +44.4% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The 90031 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 90031, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 90031 in October 2024, the same as the previous month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% were sold over asking.
Days on Market for 90031, CA
How long does it take to sell a home in 90031, CA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 33 Days | +20.5% |
Summary: Homes in 90031 had an average of 33 days on market in Oct 2024, up by 20.5% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 90031 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 90031; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% 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.