4-week rolling average · Data through June 16, 2026 · ZIP 90278
ZIP code 90278 is running hot with a market temperature score of 79, and homes are selling above list price with a median sale price of $1,599,000 against a median list price of $1,475,000. Properties are moving quickly at a median of just 24 days on market, signaling strong buyer demand against a relatively lean active inventory of 145 homes. At $927.52 per square foot, this market commands a premium that reflects its desirability and competitive conditions.
| Beds | Sale Price | Rent |
|---|---|---|
| 1BR | $115K | $2K/mo |
| 2BR | $879K | $3K/mo |
| 3BR | $1.40M | $4K/mo |
| 4BR | $1.68M | $7K/mo |
| 5BR | $2.35M | $9K/mo |
| 6BR | $1.85M | — |
| 7BR | $1.45M | — |
Sellers are in a strong position as homes are closing at roughly $124,000 above the median list price on average, suggesting multiple offer scenarios are common. With only 145 active listings and a 24-day median days on market, well-priced homes are not sitting long, giving sellers solid leverage in negotiations.
Buyers should be prepared to move decisively since the median sale price of $1,599,000 is already exceeding list prices and homes are clearing in just 24 days. Budget planning should account for the possibility of bidding above list, and buyers should get fully pre-approved before touring to stay competitive in this fast-moving market.
The median rent of $3,700 per month against a median sale price of $1,599,000 produces a gross yield of roughly 2.8 percent, which is modest for cash flow focused strategies but may appeal to appreciation-driven investors in this high-demand coastal market. Rental inventory sits at 124 units, and strong rent growth potential at the upper end, with 4-bedroom rentals reaching $6,900 per month, could improve returns for investors targeting larger properties.
The current 30-year fixed mortgage rate of 6.52 percent adds significant carrying costs to a median-priced home at $1,599,000, with principal and interest on a typical down payment scenario easily exceeding $8,000 per month. Buyers who can qualify for the 15-year fixed at 5.84 percent will pay less interest over time, though the higher monthly payments on a home at this price point make that option viable only for buyers with substantial income.
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Market intelligence by FarmPosts