90505 Real Estate Market

Sellers in 90505 are in a strong position, with the median sale price of $1,629,000 running $231,000 above the median list price, signaling consistent overbidding. With homes moving in a median of 18 days and only 112 active listings on the market, well-priced homes are attracting serious competition quickly.

Buyers should be prepared to move decisively, as the median days on market sits at just 18 days and sale prices are landing $231,000 above list price on average. With active inventory at only 112 homes, options are limited and waiting for a better deal may mean missing out entirely in this 84-point hot market.

The median rent for a 3-bedroom home sits at $5,000 per month, while the median sale price for a 3-bedroom is $1,400,000, which translates to a gross rent yield of roughly 4.3 percent before expenses. With only 99 rental units available and strong rental demand across all bedroom counts, investors who can absorb the 6.52 percent financing costs may find long-term hold strategies more viable than short-term cash flow plays.

The current 30-year fixed mortgage rate of 6.52 percent adds significant carrying costs on a median-priced home of $1,629,000, making the 15-year option at 5.84 percent worth serious consideration for buyers with the cash flow to support higher monthly payments. Even a modest rate difference of 0.68 percentage points can translate to meaningful interest savings over the life of a loan at these price levels.