4-week rolling average · Data through August 28, 2026 · ZIP 90277
The 90277 zip code is running notably warm with a market temperature score of 65, and homes are selling at a median of $2,250,000 against a median list price of $1,675,000, suggesting strong buyer competition pushing prices well above asking. With only 144 active sale listings and a median of 39 days on market, supply remains tight relative to demand. At $1,106.66 per square foot, this coastal market commands a significant premium that reflects its desirability.
| Beds | Sale Price | Rent |
|---|---|---|
| 1BR | $750K | $3K/mo |
| 2BR | $1.30M | $4K/mo |
| 3BR | $1.55M | $6K/mo |
| 4BR | $2.25M | $7K/mo |
| 5BR | $1.85M | $8K/mo |
| 6BR | $2.80M | — |
| 7BR | $2.50M | — |
Sellers are in a strong position as homes are closing at $575,000 above the median list price on average, signaling that well-priced properties are attracting competitive offers. With only 144 active listings in the market, your competition is limited and buyer demand is clearly outpacing supply.
Buyers should be prepared to offer above list price given that the median sale price of $2,250,000 significantly exceeds the median list price of $1,675,000 in this market. Moving with urgency matters here since homes are spending a median of just 39 days on market in a warm market environment scored at 65 out of 100.
The gross rent-to-price ratio in this market is relatively thin, with a median rent of $3,695 against a median sale price of $2,250,000, pointing to this area being more of an appreciation play than a cash flow market. Larger units show more rental upside, with 4-bedroom rentals reaching $7,000 per month and 5-bedroom units reaching $8,250, which may improve returns for investors targeting the higher end of the rental inventory.
The current 30-year fixed mortgage rate of 6.66% adds significant carrying costs on a $2,250,000 purchase, making the 15-year option at 5.98% worth considering for buyers with the financial capacity to handle higher monthly payments. A rate differential of 0.68 percentage points between the two loan types can translate to meaningful interest savings over the life of the loan at these price levels.
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Market intelligence by FarmPosts