Is 90302, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 90302 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 90302 has remained a Seller's Market.

Key Takeaway

90302 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 90302, CA

How much do homes in 90302, CA cost?

Median Sold Price

$530,000

$498/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$205,000(-27.9%)

Key Takeaway

Homes in 90302 have sold for 27.9% less than they did a month ago.

Summary: The median home sold price in 90302 was $530,000 in December 2024, down 27.9% from last month, and the median price per square foot was $498.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 -$370K
N/A
2 $457.5K$545K
+19.1%
3 $962.5K$642.5K
-33.2%
4 $854.5K-
N/A
5+ $1.8M-
N/A

Summary: 90302 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.1%, 3 bedroom homes decreased by 33.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 90302, CA

How many homes are available in 90302, CA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4038-5.0%

Summary: The 90302 real estate market had 38 homes for sale in December 2024, a 5.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 33
0.0%
2 2426
+8.3%
3 64
-33.3%
4 31
-66.7%
5+ 44
0.0%

Summary: The 90302 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
990.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 90302, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 90302 in December 2024, the same as the previous month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.

Days on Market for 90302, CA

How long does it take to sell a home in 90302, CA?

Average Sale Time

Nov 2024Dec 2024CHANGE
58 Days30 Days-48.5%

Summary: Homes in 90302 had an average of 30 days on market in Dec 2024, down by 48.5% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 90302 has remained consistent over time.

Summary: During December 2024, 9 homes were sold in 90302; 44% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

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