Is 90803, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 90803 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 90803 has remained a Seller's Market.

Key Takeaway

90803 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 90803, CA

How much do homes in 90803, CA cost?

Median Sold Price

$1,225,000

$738/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$25,000(+2.1%)

Key Takeaway

Homes in 90803 have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in 90803 was $1,225,000 in December 2024, up 2.1% from last year, and the median price per square foot was $738.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $510K$600K
+17.6%
2 $850K$890K
+4.7%
3 $1.4M$1.4M
-2.0%
4 $1.8M$1.9M
+2.8%
5+ $2.2M$2.1M
-5.6%

Summary: 90803 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 4.7%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 5.6%.

Median Sold Price Compared To Nearby Zip Codes

90814
+10.1%
90815
+9.7%
90740
+8.2%
90803
+2.1%

Housing Supply in 90803, CA

How many homes are available in 90803, CA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
9776-21.6%

Summary: The 90803 real estate market had 76 homes for sale in December 2024, a 21.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 129
-25.0%
2 2718
-33.3%
3 2924
-17.2%
4 2118
-14.3%
5+ 87
-12.5%

Summary: The 90803 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 17.2%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2315-34.8%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 90803, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 90803 in December 2024, down by 34.8% month-over-month. Of the 15 sold homes, 53% were sold under asking, 20% were sold at asking, and 27% were sold over asking.

Days on Market for 90803, CA

How long does it take to sell a home in 90803, CA?

Average Sale Time

Dec 2023Dec 2024CHANGE
45 Days56 Days+23.6%

Summary: Homes in 90803 had an average of 56 days on market in Dec 2024, up by 23.6% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 90803 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 15 homes were sold in 90803; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% 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 6 Days Ago

Newest Listings in 90803, CA

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