$3,750,000
6,325 SqFt
10 Beds
•10 Baths
Kenny Stevens, Listing Office: Compass
Is 90046, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 90046 was a Seller's Market.
Key Takeaway
90046 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 90046, CA
How much do homes in 90046, CA cost?
Median Sold Price
$1,745,000
$809/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$200,666(+13.0%)
Key Takeaway
Homes in 90046 have sold for 13% more than they did a year ago.
Summary: The median home sold price in 90046 was $1,745,000 in October 2024, up 13% from last year, and the median price per square foot was $809.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $559K | $590K | +5.5% |
| 2 Bedrooms | $1.1M | $1.1M | -2.6% |
| 3 Bedrooms | $1.6M | $1.9M | +16.1% |
| 4 Bedrooms | $2.5M | $2.7M | +10.0% |
| 5+ Bedrooms | $3.2M | $3.0M | -7.6% |
Summary: 90046 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 7.6%.
Housing Supply in 90046, CA
How many homes are available in 90046, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 251 | 295 | +17.5% |
Summary: The 90046 real estate market had 295 homes for sale in October 2024, a 17.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 26 | +23.8% |
| 2 Bedrooms | 56 | 64 | +14.3% |
| 3 Bedrooms | 55 | 77 | +40.0% |
| 4 Bedrooms | 62 | 68 | +9.7% |
| 5+ Bedrooms | 57 | 60 | +5.3% |
Summary: The 90046 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.8%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 36 | +56.5% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 90046, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in 90046 in October 2024, up by 56.5% month-over-month. Of the 36 sold homes, 78% were sold under asking, 8% were sold at asking, and 14% were sold over asking.
Days on Market for 90046, CA
How long does it take to sell a home in 90046, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 44 Days | +40.8% |
Summary: Homes in 90046 had an average of 44 days on market in Oct 2024, up by 40.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 90046 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 36 homes were sold in 90046; 56% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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