Is 90605, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 90605 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 90605 has remained a Seller's Market.

Key Takeaway

90605 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 90605, CA

How much do homes in 90605, CA cost?

Median Sold Price

$790,000

$596/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$47,500(+6.4%)

Key Takeaway

Homes in 90605 have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in 90605 was $790,000 in October 2024, up 6.4% from last year, and the median price per square foot was $596.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $650.5K$720K
+10.7%
3 $735K$785K
+6.8%
4 $855K$865K
+1.2%
5+ $1.5M$1.8M
+20.0%

Summary: 90605 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 20%.

Median Sold Price Compared To Nearby Zip Codes

90604
+7.2%
90670
+7.1%
90605
+6.4%
90603
+6.4%

Housing Supply in 90605, CA

How many homes are available in 90605, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
63630.0%

Summary: The 90605 real estate market had 63 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 99
0.0%
3 4341
-4.7%
4 77
0.0%
5+ 46
+50.0%

Summary: The 90605 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1316+23.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 90605, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in 90605 in October 2024, up by 23.1% month-over-month. Of the 16 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.

Days on Market for 90605, CA

How long does it take to sell a home in 90605, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
9 Days39 Days+327.9%

Summary: Homes in 90605 had an average of 39 days on market in Oct 2024, up by 327.9% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 90605 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 16 homes were sold in 90605; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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

Newest Listings in 90605, CA

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