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 20 Days Ago

Newest Listings in 90623, CA

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