Is 90808, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 90808 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 90808 has remained a Seller's Market.

Key Takeaway

90808 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 90808, CA

How much do homes in 90808, CA cost?

Median Sold Price

$1,000,000

$682/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$50,000(+5.3%)

Key Takeaway

Homes in 90808 have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in 90808 was $1,000,000 in October 2024, up 5.3% from last year, and the median price per square foot was $682.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $415K$639.9K
+54.2%
2 $766.5K$849K
+10.8%
3 $945K$1.0M
+5.8%
4 $1.1M$1.2M
+6.5%
5+ $1.2M$1.3M
+9.4%

Summary: 90808 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.2%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 9.4%.

Median Sold Price Compared To Nearby Zip Codes

90715
+10.1%
90815
+9.9%
90808
+5.3%
90713
+5.0%

Housing Supply in 90808, CA

How many homes are available in 90808, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8072-10.0%

Summary: The 90808 real estate market had 72 homes for sale in October 2024, a 10.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 69
+50.0%
3 4944
-10.2%
4 1915
-21.1%
5+ 53
-40.0%

Summary: The 90808 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2627+3.8%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 90808, you may be able to get a good deal. 51.9% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 90808 in October 2024, up by 3.8% month-over-month. Of the 27 sold homes, 52% were sold under asking, 19% were sold at asking, and 30% were sold over asking.

Days on Market for 90808, CA

How long does it take to sell a home in 90808, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days28 Days+103.1%

Summary: Homes in 90808 had an average of 28 days on market in Oct 2024, up by 103.1% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 90808 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 27 homes were sold in 90808; 67% of homes were sold within 30 days, 26% 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 14 Days Ago

Newest Listings in 90808, CA

Nearby Markets to 90808, CA