Eighteen days. That is the median time a home sits on the market in 90505 before going under contract. That single figure tells you almost everything you need to know: this is a seller's market, and it is a competitive one.
With only 112 active listings across the ZIP code and a median asking price of $1.63 million for single-family homes, supply is limited and demand is absorbing it quickly. If you are trying to decide whether now is a good time to buy or whether you can afford to wait as a seller, the data points in one clear direction.
When I describe the 90505 market as hot to my clients, I am not using a feeling. The market temperature designation here is hot, and the numbers back it up. An 18-day median days on market means that well-priced homes are not sitting. Buyers who are not prepared with financing, a clear sense of their criteria, and a realistic budget are frequently finding themselves a step behind.
At $937 per square foot in median asking price, 90505 ranks among the more expensive ZIP codes in the South Bay. Sellers in this environment have real leverage simply because the inventory is thin relative to the number of people who want to live here.
Not everyone is shopping at the $1.63 million median. The asking price data by bedroom count shows a wide range of entry points. Two-bedroom homes are listed at a median of $545,000, three-bedrooms come in at $1.4 million, and four-bedrooms sit at $1.595 million. Five-bedroom homes are listed at $2.2 million and six-bedrooms at $2.595 million.
For buyers, understanding where you fit in that range matters enormously. At a 6.5 percent rate on a 30-year mortgage, the monthly payment on a $1.63 million purchase with 20 percent down is substantial, and my clients are doing careful math right now. Some are also considering the rental side: the median rent in 90505 is $4,000 per month, with three-bedroom rentals at $5,000 and four-bedrooms at $5,500. For investors or those weighing rent versus buy, those figures provide a useful baseline.
For sellers, 112 active listings in a ZIP code this size, paired with an 18-day median days on market, suggests that correctly priced homes are finding buyers without languishing. If you have been thinking about listing, the current absorption rate favors you.
For buyers, 112 listings sounds like a decent pool until you filter for your specific bedroom count, price range, lot size, and school preference. My clients routinely find that the real number of homes that fit their actual needs is far smaller than the headline figure suggests. That is what makes preparation so critical in a market moving at this pace.
The data here gives you the macro picture: seller's market, fast absorption, meaningful price variation by bedroom count, and real rate pressure on buyers. What it cannot tell you is how any specific property you are considering is positioned relative to that market. Asking price per square foot, condition, location within the ZIP code, and listing history all factor into whether a given home is a smart move or an overpriced outlier.
That analysis is where I come in. If you are buying or selling in 90505 and want a read on a specific property or your own home's value, reach out and let's talk through the details together.
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Text Ian