Is 90037, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 90037 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 90037 was a Buyer's Market.

Key Takeaway

90037 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 90037, CA

How much do homes in 90037, CA cost?

Median Sold Price

$765,000

$357/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$115,000(+17.7%)

Key Takeaway

Homes in 90037 have sold for 17.7% more than they did a month ago.

Summary: The median home sold price in 90037 was $765,000 in November 2024, up 17.7% from last month, and the median price per square foot was $357.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $552.1K$570K
+3.2%
3 $767.5K$772.5K
+0.7%
4 $750K$629K
-16.1%
5+ -$895K
N/A

Summary: 90037 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes did not change.

Housing Supply in 90037, CA

How many homes are available in 90037, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5564+16.4%

Summary: The 90037 real estate market had 64 homes for sale in November 2024, a 16.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 1011
+10.0%
3 1418
+28.6%
4 1211
-8.3%
5+ 1722
+29.4%

Summary: The 90037 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 29.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
713+85.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 90037, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 90037 in November 2024, up by 85.7% month-over-month. Of the 13 sold homes, 46% were sold under asking, 8% were sold at asking, and 46% were sold over asking.

Days on Market for 90037, CA

How long does it take to sell a home in 90037, CA?

Average Sale Time

Oct 2024Nov 2024CHANGE
25 Days41 Days+61.5%

Summary: Homes in 90037 had an average of 41 days on market in Nov 2024, up by 61.5% compared to last month.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 90037 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 13 homes were sold in 90037; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% 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 21 Days Ago

Newest Listings in 90037, CA

Nearby Markets to 90037, CA