Is 90703, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 90703 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 90703 has remained a Seller's Market.

Key Takeaway

90703 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 90703, CA

How much do homes in 90703, CA cost?

Median Sold Price

$1,075,000

$628/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$93,000(+9.5%)

Key Takeaway

Homes in 90703 have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in 90703 was $1,075,000 in November 2024, up 9.5% from last year, and the median price per square foot was $628.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $425K$281K
-33.9%
2 $512K$573.2K
+12.0%
3 $910K$1.0M
+10.4%
4 $1.0M$1.1M
+8.6%
5+ $1.2M$1.3M
+7.2%

Summary: 90703 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.9%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 7.2%.

Median Sold Price Compared To Nearby Zip Codes

90701
+23.5%
90623
+12.0%
90703
+9.5%
90650
+8.4%
90715
+5.8%

Housing Supply in 90703, CA

How many homes are available in 90703, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6653-19.7%

Summary: The 90703 real estate market had 53 homes for sale in November 2024, a 19.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 95
-44.4%
3 1815
-16.7%
4 2825
-10.7%
5+ 118
-27.3%

Summary: The 90703 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 decreased by 44.4%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes decreased by 27.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2214-36.4%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 90703, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 90703 in November 2024, down by 36.4% month-over-month. Of the 14 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% were sold over asking.

Days on Market for 90703, CA

How long does it take to sell a home in 90703, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days23 Days+18.0%

Summary: Homes in 90703 had an average of 23 days on market in Nov 2024, up by 18% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 90703 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 14 homes were sold in 90703; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% 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 22 Days Ago

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