90505 Real Estate Market

With a competition score of 86 and a median days on market of just 18, conditions in 90505 are favorable for sellers pricing homes strategically. Zero new listings on the data date means your home faces minimal fresh competition entering the market right now.

Buyers in 90505 should be prepared to move quickly, as the median days on market is only 18 days and the market is rated hot with a temperature position of 84. With a median asking price of $1,629,000 and a price per square foot of $937.28, budgeting carefully and securing financing in advance will be essential in this competitive environment.

The median asking price for single-family homes is $1,629,000 while the median rent is $3,920 per month, a gap that investors should factor carefully into any cash flow analysis before committing. Rental inventory is currently at 99 units, and rent for a 3-bedroom unit is listed at $5,000 per month, which may offer more attractive yield potential for investors targeting the mid-size rental segment.

The current 30-year fixed mortgage rate of 6.52% adds significant carrying cost to a median asking price of $1,629,000, making monthly payment planning critical for any buyer in this market. Buyers who qualify for a 15-year fixed at 5.84% would pay a lower rate but face substantially higher monthly principal and interest obligations, so running both scenarios with a lender is strongly recommended.