$4,976 Closing Credit*
$419,000
700 SqFt
1 Bed
•1 Full Bath
Sang Lee, Listing Office: New Star Realty & Investment
Is 90631, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 90631 has remained a Seller's Market.
Key Takeaway
90631 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 90631, CA
How much do homes in 90631, CA cost?
Median Sold Price
$880,000
$546/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$68,166(+8.4%)
Key Takeaway
Homes in 90631 have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in 90631 was $880,000 in November 2024, up 8.4% from last year, and the median price per square foot was $546.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $417K | $420K | +0.7% |
| 2 Bedrooms | $538.2K | $627.5K | +16.6% |
| 3 Bedrooms | $800K | $866.5K | +8.3% |
| 4 Bedrooms | $1.0M | $1.1M | +8.6% |
| 5+ Bedrooms | $1.3M | $1.6M | +18.8% |
Summary: 90631 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 18.8%.
Housing Supply in 90631, CA
How many homes are available in 90631, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 122 | 120 | -1.6% |
Summary: The 90631 real estate market had 120 homes for sale in November 2024, a 1.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 52 | 48 | -7.7% |
| 4 Bedrooms | 30 | 29 | -3.3% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The 90631 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 25 | -19.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 90631, you may be able to get a good deal. 44% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 90631 in November 2024, down by 19.4% month-over-month. Of the 25 sold homes, 44% were sold under asking, 12% were sold at asking, and 44% were sold over asking.
Days on Market for 90631, CA
How long does it take to sell a home in 90631, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 22 Days | +11.0% |
Summary: Homes in 90631 had an average of 22 days on market in Nov 2024, up by 11% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 90631 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 25 homes were sold in 90631; 84% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% 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.