Is 90049, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 90049 was a Seller's Market.
Key Takeaway
90049 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 90049, CA
How much do homes in 90049, CA cost?
Median Sold Price
$2,300,000
$924/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 90049 have sold for 10.7% less than they did a year ago.
Summary: The median home sold price in 90049 was $2,300,000 in May 2024, down 10.7% from last year, and the median price per square foot was $924.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $648.7K | $609.5K | -6.1% |
| 2 Bedrooms | $1.1M | $1.2M | +4.9% |
| 3 Bedrooms | $2.2M | $2.2M | -1.4% |
| 4 Bedrooms | $3.3M | $3.3M | 0.0% |
| 5+ Bedrooms | $6.8M | $6.5M | -5.2% |
Summary: 90049 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 5.2%.
Housing Supply in 90049, CA
How many homes are available in 90049, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 174 | 220 | +26.4% |
Summary: The 90049 real estate market had 220 homes for sale in May 2024, a 26.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 35 | 48 | +37.1% |
| 3 Bedrooms | 38 | 40 | +5.3% |
| 4 Bedrooms | 39 | 51 | +30.8% |
| 5+ Bedrooms | 54 | 73 | +35.2% |
Summary: The 90049 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 35.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 35 | +29.6% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 90049, you may be able to get a good deal. 77.1% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in 90049 in May 2024, up by 29.6% month-over-month. Of the 35 sold homes, 77% were sold under asking, 6% were sold at asking, and 17% were sold over asking.
Days on Market for 90049, CA
How long does it take to sell a home in 90049, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 25 Days | -32.4% |
Summary: Homes in 90049 had an average of 25 days on market in May 2024, down by 32.4% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 90049 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 35 homes were sold in 90049; 74% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 3% 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.