Is 90274, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 90274 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 90274 has remained a Seller's Market.

Key Takeaway

90274 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 90274, CA

How much do homes in 90274, CA cost?

Median Sold Price

$2,581,666

$946/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$282,166(+12.3%)

Key Takeaway

Homes in 90274 have sold for 12.3% more than they did a year ago.

Summary: The median home sold price in 90274 was $2,581,666 in October 2024, up 12.3% from last year, and the median price per square foot was $946.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $486.5K$650K
+33.6%
2 $905K$954K
+5.4%
3 $1.9M$1.9M
+3.9%
4 $2.5M$2.9M
+16.7%
5+ $4.3M$4.1M
-5.7%

Summary: 90274 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.6%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 5.7%.

Median Sold Price Compared To Nearby Zip Codes

90274
+12.3%
90277
+9.6%
90505
+6.7%
90275
+3.9%
90717
+1.6%

Housing Supply in 90274, CA

How many homes are available in 90274, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
114123+7.9%

Summary: The 90274 real estate market had 123 homes for sale in October 2024, a 7.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 76
-14.3%
3 3638
+5.6%
4 4043
+7.5%
5+ 2933
+13.8%

Summary: The 90274 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 13.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
928+211.1%

Asking Price vs. Sold Price

18 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 90274, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 90274 in October 2024, up by 211.1% month-over-month. Of the 28 sold homes, 64% were sold under asking, 7% were sold at asking, and 29% were sold over asking.

Days on Market for 90274, CA

How long does it take to sell a home in 90274, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days42 Days+77.5%

Summary: Homes in 90274 had an average of 42 days on market in Oct 2024, up by 77.5% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 90274 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 28 homes were sold in 90274; 61% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 18% 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 16 Days Ago

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