New Weakness in New Listings for 90242 Zip Code Real Estate Market

Over the last 30 days, a recent downward trend of new sellers coming into the 90242 zip code market continued, with 10 listings in this week's report. Meanwhile, sales fell, with 23 homes selling during the same period. Prices are falling in the 90242 zip code, and this period the median price of all sales fell from $493,000 to $465,000. With only two months of inventory to sell, the 90242 zip code is a strong seller's market, in spite of the dip in sales.

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Demographic facts about the 90242 zip code:

  • The percentage of people who rent is 50.3%.
  • 10-year job market growth is projected to be 29.9%.
  • For every librarian there are 4,491 students in this area. (803 = national average)

Data reported through 1/11/2017

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HL REALTY GROUP
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TNG Real Estate
Snapped 31 homes in this area
Century 21 Realty Masters
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