Is 90045, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 90045 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 90045 has remained a Seller's Market.

Key Takeaway

90045 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 90045, CA

How much do homes in 90045, CA cost?

Median Sold Price

$1,500,000

$860/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,666(+1.6%)

Key Takeaway

Homes in 90045 have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in 90045 was $1,500,000 in November 2024, up 1.6% from last year, and the median price per square foot was $860.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $530K$485K
-8.5%
2 $1.0M$865K
-13.5%
3 $1.4M$1.4M
-2.0%
4 $1.7M$1.6M
-1.2%
5+ $2.6M$2.5M
-3.3%

Summary: 90045 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.5%, 2 bedroom homes decreased by 13.5%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 3.3%.

Median Sold Price Compared To Nearby Zip Codes

90045
+1.6%
90094
+0.9%
90293
-3.2%

Housing Supply in 90045, CA

How many homes are available in 90045, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1061060.0%

Summary: The 90045 real estate market had 106 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 1115
+36.4%
3 3129
-6.5%
4 3934
-12.8%
5+ 2527
+8.0%

Summary: The 90045 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 36.4%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes increased by 8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2419-20.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 90045, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 90045 in November 2024, down by 20.8% month-over-month. Of the 19 sold homes, 47% were sold under asking, 11% were sold at asking, and 42% were sold over asking.

Days on Market for 90045, CA

How long does it take to sell a home in 90045, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
25 Days33 Days+32.0%

Summary: Homes in 90045 had an average of 33 days on market in Nov 2024, up by 32% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 90045 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 19 homes were sold in 90045; 53% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 5% 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 18 Days Ago

Newest Listings in 90045, CA

Nearby Markets to 90045, CA