$10,000 Closing Credit*
$2,400,000
3,191 SqFt
4 Beds
•2 Full Baths, 1 Partial
Barret Pulver, Listing Office: Strand Hill Properties
Is 90245, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 90245 has remained a Seller's Market.
Key Takeaway
90245 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 90245, CA
How much do homes in 90245, CA cost?
Median Sold Price
$1,680,000
$856/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$230,000(+15.9%)
Key Takeaway
Homes in 90245 have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in 90245 was $1,680,000 in November 2024, up 15.9% from last year, and the median price per square foot was $856.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.1M | - | N/A |
| 2 Bedrooms | $805K | $857.5K | +6.5% |
| 3 Bedrooms | $1.4M | $1.5M | +7.9% |
| 4 Bedrooms | $2.2M | $1.9M | -13.2% |
| 5+ Bedrooms | $2.4M | $2.7M | +11.4% |
Summary: 90245 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes increased by 11.4%.
Housing Supply in 90245, CA
How many homes are available in 90245, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 34 | -17.1% |
Summary: The 90245 real estate market had 34 homes for sale in November 2024, a 17.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The 90245 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 90245, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 90245 in November 2024, up by 12.5% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for 90245, CA
How long does it take to sell a home in 90245, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 80 Days | +147.1% |
Summary: Homes in 90245 had an average of 80 days on market in Nov 2024, up by 147.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 90245 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 9 homes were sold in 90245; 22% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 44% 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.