Is 90212, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 90212 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 90212 has remained a Seller's Market.

Key Takeaway

90212 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 90212, CA

How much do homes in 90212, CA cost?

Median Sold Price

$2,500,000

$805/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$460,000(-15.5%)

Key Takeaway

Homes in 90212 have sold for 15.5% less than they did a year ago.

Summary: The median home sold price in 90212 was $2,500,000 in October 2024, down 15.5% from last year, and the median price per square foot was $805.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $762.5K$1.1M
+44.3%
2 $1.7M$1.4M
-19.0%
3 $2.7M$2.1M
-23.0%
4 $3.4M$3.6M
+5.7%
5+ $4.1M$3.2M
-21.9%

Summary: 90212 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.3%, 2 bedroom homes decreased by 19%, 3 bedroom homes decreased by 23%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 21.9%.

Median Sold Price Compared To Nearby Zip Codes

90067
+17.4%
90211
+8.0%
90035
+2.0%
90210
-15.0%
90212
-15.5%

Housing Supply in 90212, CA

How many homes are available in 90212, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3337+12.1%

Summary: The 90212 real estate market had 37 homes for sale in October 2024, a 12.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 810
+25.0%
3 46
+50.0%
4 55
0.0%
5+ 1515
0.0%

Summary: The 90212 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 25%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 90212, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 90212 in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.

Days on Market for 90212, CA

How long does it take to sell a home in 90212, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
44 Days69 Days+56.3%

Summary: Homes in 90212 had an average of 69 days on market in Oct 2024, up by 56.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 90212 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in 90212; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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

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