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 November 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

$1,120,000

$584/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$120,000(+12.0%)

Key Takeaway

Homes in 90623 have sold for 12% more than they did a year ago.

Summary: The median home sold price in 90623 was $1,120,000 in November 2024, up 12% from last year, and the median price per square foot was $584.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $625K$615K
-1.6%
3 $887K$992K
+11.8%
4 $1.0M$1.1M
+9.8%
5+ $1.1M$1.2M
+15.9%

Summary: 90623 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 15.9%.

Median Sold Price Compared To Nearby Zip Codes

90623
+12.0%
90703
+9.5%
90630
+9.4%
90620
+9.1%

Housing Supply in 90623, CA

How many homes are available in 90623, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1815-16.7%

Summary: The 90623 real estate market had 15 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 65
-16.7%
4 76
-14.3%
5+ 32
-33.3%

Summary: The 90623 housing inventory by bedroom type for November 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 16.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 90623, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in 90623 in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% 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

Nov 2023Nov 2024CHANGE
14 Days34 Days+136.4%

Summary: Homes in 90623 had an average of 34 days on market in Nov 2024, up by 136.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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 November 2024, 6 homes were sold in 90623; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 21 Days Ago

Newest Listings in 90623, CA

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