Is 90623, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 90623 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 90623 has remained a Seller's Market.

Key Takeaway

90623 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 90623, CA

How much do homes in 90623, CA cost?

Median Sold Price

$1,122,500

$583/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$147,500(+15.1%)

Key Takeaway

Homes in 90623 have sold for 15.1% more than they did a year ago.

Summary: The median home sold price in 90623 was $1,122,500 in October 2024, up 15.1% from last year, and the median price per square foot was $583.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $600K$625K
+4.2%
3 $875K$986K
+12.7%
4 $1.0M$1.1M
+10.0%
5+ $1.0M$1.2M
+24.0%

Summary: 90623 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 4.2%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 24%.

Median Sold Price Compared To Nearby Zip Codes

90623
+15.1%
90703
+10.1%
90620
+9.1%
90630
+7.8%

Housing Supply in 90623, CA

How many homes are available in 90623, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1718+5.9%

Summary: The 90623 real estate market had 18 homes for sale in October 2024, a 5.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 45
+25.0%
4 78
+14.3%
5+ 43
-25.0%

Summary: The 90623 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 increased by 25%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
550.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 90623, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 90623 in October 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for 90623, CA

How long does it take to sell a home in 90623, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days22 Days+22.8%

Summary: Homes in 90623 had an average of 22 days on market in Oct 2024, up by 22.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 90623 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 90623; 60% of homes were sold within 30 days, 40% 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 4 Days Ago

Newest Listings in 90623, CA

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