$4,453 Closing Credit*
$375,000
2 Beds
•1 Full Bath
Edith Anaya-Castanon, Listing Office: Re/Max Gold Coast Realtors
Is 90740, 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, 90740 has remained a Seller's Market.
Key Takeaway
90740 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 90740, CA
How much do homes in 90740, CA cost?
Median Sold Price
$399,333
$418/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,333(+6.5%)
Key Takeaway
Homes in 90740 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 90740 was $399,333 in November 2024, up 6.5% from last year, and the median price per square foot was $418.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $237K | +5.3% |
| 2 Bedrooms | $377.2K | $392.5K | +4.0% |
| 3 Bedrooms | $1.4M | $1.5M | +8.9% |
| 4 Bedrooms | $1.5M | $1.5M | 0.0% |
| 5+ Bedrooms | $1.6M | $2.0M | +25.1% |
Summary: 90740 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 8.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 25.1%.
Housing Supply in 90740, CA
How many homes are available in 90740, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 195 | 166 | -14.9% |
Summary: The 90740 real estate market had 166 homes for sale in November 2024, a 14.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 38 | 32 | -15.8% |
| 2 Bedrooms | 105 | 85 | -19.0% |
| 3 Bedrooms | 22 | 19 | -13.6% |
| 4 Bedrooms | 23 | 21 | -8.7% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 90740 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.8%, 2 bedroom homes decreased by 19%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 42 | -2.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 90740, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in 90740 in November 2024, down by 2.3% month-over-month. Of the 42 sold homes, 45% were sold under asking, 31% were sold at asking, and 24% were sold over asking.
Days on Market for 90740, CA
How long does it take to sell a home in 90740, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 33 Days | +22.2% |
Summary: Homes in 90740 had an average of 33 days on market in Nov 2024, up by 22.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 90740 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 42 homes were sold in 90740; 52% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 7% 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.