Is 90068, 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, 90068 was a Seller's Market.
Housing Prices in 90068, CA
How much do homes in 90068, CA cost?
Median Sold Price
$1,750,000
$864/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 90068 was $1,750,000 in May 2024, up 7.7% from last year, and the median price per square foot was $864.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $580.9K | $600K | +3.3% |
2 Bedrooms | $1.0M | $1.1M | +10.6% |
3 Bedrooms | $1.8M | $1.8M | -1.3% |
4 Bedrooms | $2.3M | $2.5M | +7.6% |
5+ Bedrooms | $3.1M | $3.6M | +17.3% |
Summary: 90068 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 10.6%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 17.3%.
Housing Supply in 90068, CA
How many homes are available in 90068, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
157 | 182 | +15.9% |
Summary: The 90068 real estate market had 182 homes for sale in May 2024, a 15.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 36 | 38 | +5.6% |
3 Bedrooms | 52 | 55 | +5.8% |
4 Bedrooms | 45 | 55 | +22.2% |
5+ Bedrooms | 20 | 32 | +60.0% |
Summary: The 90068 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 20 | -33.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 90068 in May 2024, down by 33.3% month-over-month. Of the 20 sold homes, 55% were sold under asking, 10% were sold at asking, and 35% were sold over asking.
Days on Market for 90068, CA
How long does it take to sell a home in 90068, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 26 Days | +10.4% |
Summary: Homes in 90068 had an average of 26 days on market in May 2024, up by 10.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in 90068; 65% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.