Is 90044, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 90044 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 90044 has remained a Seller's Market.

Key Takeaway

90044 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 90044, CA

How much do homes in 90044, CA cost?

Median Sold Price

$675,000

$484/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$75,000(+12.5%)

Key Takeaway

Homes in 90044 have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in 90044 was $675,000 in October 2024, up 12.5% from last year, and the median price per square foot was $484.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $440K$340K
-22.7%
2 $540K$575K
+6.5%
3 $610K$680K
+11.5%
4 $650K$733K
+12.8%
5+ $865K$925K
+6.9%

Summary: 90044 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.7%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 6.9%.

Median Sold Price Compared To Nearby Zip Codes

90044
+12.5%
90003
+3.1%
90047
+2.1%
90061
-0.8%

Housing Supply in 90044, CA

How many homes are available in 90044, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
111129+16.2%

Summary: The 90044 real estate market had 129 homes for sale in October 2024, a 16.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 3238
+18.8%
3 3036
+20.0%
4 2627
+3.8%
5+ 2328
+21.7%

Summary: The 90044 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 increased by 18.8%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 21.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1122+100.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 90044, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

Summary: A total of 22 homes were sold or pending in 90044 in October 2024, up by 100.0% month-over-month. Of the 22 sold homes, 41% were sold under asking, 5% were sold at asking, and 55% were sold over asking.

Days on Market for 90044, CA

How long does it take to sell a home in 90044, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days55 Days+68.8%

Summary: Homes in 90044 had an average of 55 days on market in Oct 2024, up by 68.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 90044 has remained consistent over time.

Summary: During October 2024, 22 homes were sold in 90044; 32% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 18% 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 14 Days Ago

Newest Listings in 90044, CA

Nearby Markets to 90044, CA