$7,363 Closing Credit*
$620,000
Tony Lopez, Listing Office: Berkshire Hathaway HomeService
Is 90640, 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, 90640 has remained a Seller's Market.
Key Takeaway
90640 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 90640, CA
How much do homes in 90640, CA cost?
Median Sold Price
$819,990
$495/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$99,490(+13.8%)
Key Takeaway
Homes in 90640 have sold for 13.8% more than they did a year ago.
Summary: The median home sold price in 90640 was $819,990 in November 2024, up 13.8% from last year, and the median price per square foot was $495.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $372.5K | $330K | -11.4% |
| 2 Bedrooms | $597.5K | $549.5K | -8.0% |
| 3 Bedrooms | $716.7K | $803K | +12.0% |
| 4 Bedrooms | $785K | $902.5K | +15.0% |
| 5+ Bedrooms | $973.7K | $1.2M | +25.5% |
Summary: 90640 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.4%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 25.5%.
Housing Supply in 90640, CA
How many homes are available in 90640, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 81 | 64 | -21.0% |
Summary: The 90640 real estate market had 64 homes for sale in November 2024, a 21.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 18 | 18 | 0.0% |
| 3 Bedrooms | 27 | 18 | -33.3% |
| 4 Bedrooms | 19 | 13 | -31.6% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The 90640 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 33.3%, 4 bedroom homes decreased by 31.6%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 90640, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 90640 in November 2024, down by 10.5% month-over-month. Of the 17 sold homes, 65% were sold under asking, 6% were sold at asking, and 29% were sold over asking.
Days on Market for 90640, CA
How long does it take to sell a home in 90640, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 31 Days | +65.0% |
Summary: Homes in 90640 had an average of 31 days on market in Nov 2024, up by 65% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 90640 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in 90640; 59% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 6% 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.