$9,488 Closing Credit*
$799,000
510 SqFt
Studio
•1 Full Bath
Dale Pearson, Listing Office: Coldwell Banker Realty
Is 90402, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 90402 was a Seller's Market.
Key Takeaway
90402 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 90402, CA
How much do homes in 90402, CA cost?
Median Sold Price
$4,200,000
$1,467/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$100,000(-2.3%)
Key Takeaway
Homes in 90402 have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in 90402 was $4,200,000 in October 2024, down 2.3% from last year, and the median price per square foot was $1,467.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $859.5K | $1.0M | +19.3% |
| 2 Bedrooms | $2.1M | $2.5M | +17.7% |
| 3 Bedrooms | $3.6M | $3.7M | +2.2% |
| 4 Bedrooms | $4.7M | $5.1M | +6.9% |
| 5+ Bedrooms | $6.2M | $7.3M | +18.2% |
Summary: 90402 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.3%, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 18.2%.
Housing Supply in 90402, CA
How many homes are available in 90402, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 | 84 | +15.1% |
Summary: The 90402 real estate market had 84 homes for sale in October 2024, a 15.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 14 | +40.0% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 18 | 15 | -16.7% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 21 | 25 | +19.0% |
Summary: The 90402 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 90402, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 90402 in October 2024, up by 85.7% month-over-month. Of the 13 sold homes, 62% were sold under asking, 8% were sold at asking, and 31% were sold over asking.
Days on Market for 90402, CA
How long does it take to sell a home in 90402, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 44 Days | -15.8% |
Summary: Homes in 90402 had an average of 44 days on market in Oct 2024, down by 15.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 90402 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in 90402; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% 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.