Is 90275, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 90275 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 90275 was a Seller's Market.

Key Takeaway

90275 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 90275, CA

How much do homes in 90275, CA cost?

Median Sold Price

$1,725,243

$774/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$75,243(+4.6%)

Key Takeaway

Homes in 90275 have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in 90275 was $1,725,243 in November 2024, up 4.6% from last year, and the median price per square foot was $774.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $571.5K$550K
-3.8%
2 $965K$999K
+3.5%
3 $1.5M$1.5M
+3.2%
4 $1.8M$1.9M
+3.4%
5+ $2.3M$2.3M
0.2%

Summary: 90275 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 0.2%.

Median Sold Price Compared To Nearby Zip Codes

90732
+8.0%
90274
+6.4%
90275
+4.6%
90717
0.2%
90731
-1.7%

Housing Supply in 90275, CA

How many homes are available in 90275, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
174162-6.9%

Summary: The 90275 real estate market had 162 homes for sale in November 2024, a 6.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 23
+50.0%
2 3030
0.0%
3 4341
-4.7%
4 7360
-17.8%
5+ 2628
+7.7%

Summary: The 90275 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 17.8%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3326-21.2%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 90275, you may be able to get a good deal. 65.4% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 90275 in November 2024, down by 21.2% month-over-month. Of the 26 sold homes, 65% were sold under asking, 8% were sold at asking, and 27% were sold over asking.

Days on Market for 90275, CA

How long does it take to sell a home in 90275, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
29 Days47 Days+61.5%

Summary: Homes in 90275 had an average of 47 days on market in Nov 2024, up by 61.5% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 90275 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 26 homes were sold in 90275; 50% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 15% 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 24 Days Ago

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