$4,986 Closing Credit*
$419,900
696 SqFt
1 Bed
•1 Full Bath
Lena Yoon, Listing Office: The Realestate Group
Is 90502, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 90502 has remained a Seller's Market.
Key Takeaway
90502 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 90502, CA
How much do homes in 90502, CA cost?
Median Sold Price
$637,500
$575/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in 90502 has remained the same since last year.
Summary: The median home sold price in 90502 was $637,500 in October 2024, the same as last year, and the median price per square foot was $575.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $405K | $407.5K | +0.6% |
| 2 Bedrooms | $520K | $515K | -1.0% |
| 3 Bedrooms | $740K | $800K | +8.1% |
| 4 Bedrooms | $860K | $943.5K | +9.7% |
| 5+ Bedrooms | - | $955K | N/A |
Summary: 90502 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes did not change.
Housing Supply in 90502, CA
How many homes are available in 90502, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 38 | -2.6% |
Summary: The 90502 real estate market had 38 homes for sale in October 2024, a 2.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 90502 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 17 | +54.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 90502, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 90502 in October 2024, up by 54.5% month-over-month. Of the 17 sold homes, 29% were sold under asking, 24% were sold at asking, and 47% were sold over asking.
Days on Market for 90502, CA
How long does it take to sell a home in 90502, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 50 Days | +89.6% |
Summary: Homes in 90502 had an average of 50 days on market in Oct 2024, up by 89.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 90502 has remained consistent over time.
Summary: During October 2024, 17 homes were sold in 90502; 41% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 12% 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.