$1,590,000
0.17 Acres
Land
Jordan Petito, Listing Office: Keller Williams Beverly Hills
Is 90061, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 90061 has remained a Buyer's Market.
Key Takeaway
90061 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 90061, CA
How much do homes in 90061, CA cost?
Median Sold Price
$610,000
$516/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5,000(-0.8%)
Key Takeaway
Homes in 90061 have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in 90061 was $610,000 in October 2024, down 0.8% from last year, and the median price per square foot was $516.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $545K | $505K | -7.3% |
| 3 Bedrooms | $615K | $620K | +0.8% |
| 4 Bedrooms | $650K | $725K | +11.5% |
| 5+ Bedrooms | $675K | $975.2K | +44.5% |
Summary: 90061 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.3%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 44.5%.
Housing Supply in 90061, CA
How many homes are available in 90061, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 30 | -3.2% |
Summary: The 90061 real estate market had 30 homes for sale in October 2024, a 3.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 10 | 5 | -50.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 90061 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 90061, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 90061 in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for 90061, CA
How long does it take to sell a home in 90061, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 20 Days | -10.0% |
Summary: Homes in 90061 had an average of 20 days on market in Oct 2024, down by 10% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 90061 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 90061; 75% of homes were sold within 30 days, 25% 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.