New - 2 days on Rocket
$9,607 Closing Credit¹
#SR25013019, Donna Marks, Listing Office: RE/MAX One
91016 Housing Market Report January 2025•Los Angeles County, California
Housing Prices in 91016, CA
How much do homes in 91016, CA cost?
Housing Market Conditions
Is 91016, CA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
91016 is a Seller's Market
Difference Since January 2024
Since last year, 91016 has remained a Seller's Market.
Insight
91016 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$950,000$652/SqFt
+$17,500
+1.9%
Based on all homes sold in the last 12 months
Insight
Homes in 91016 have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in 91016 was $950,000 in January 2025, up 1.9% from last year, and the median price per square foot was $652.
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $520K | $538K | +3.5% |
| 22 Bedrooms | $680K | $775K | +14.0% |
| 33 Bedrooms | $951.5K | $1.0M | +5.1% |
| 44 Bedrooms | $1.0M | $1.3M | +24.3% |
| 55+ Bedrooms | $1.3M | $1.7M | +28.1% |
Summary: 91016 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +3.5%. The home price for 2 bedroom homes increased by +14.0%. The home price for 3 bedroom homes increased by +5.1%. The home price for 4 bedroom homes increased by +24.3%. The home price for 5 bedroom homes increased by +28.1%.
Housing supply in 91016, CA
How many homes are available in 91016, CA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 49Last MonthJan 2025 | ||
| 522 months agoDec 2024 | -5.8 % Change MoMDec – Jan |
Summary: The 91016 real estate market had 49 homes for sale in Jan 2025, a 5.8 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 13Last MonthJan 2025 | ||
| 192 months agoDec 2024 | -31.6 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 3 | 4 | +33.3% |
| 22 Bedrooms | 7 | 10 | +42.9% |
| 33 Bedrooms | 21 | 19 | -9.5% |
| 44 Bedrooms | 14 | 11 | -21.4% |
| 55+ Bedrooms | 7 | 5 | -28.6% |
Summary: 91016 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +33.3%. The inventory for 2 bedroom homes increased by +42.9%. The inventory for 3 bedroom homes decreased by -9.5%. The inventory for 4 bedroom homes decreased by -21.4%. The inventory for 5 bedroom homes decreased by -28.6%.
Asking Price vs. Sold Price
How much do homes in 91016, CA cost?
Over Asking Price5 Homes
At Asking Price2 Homes
Under Asking Price6 Homes
Insight
If you're buying a home in 91016, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 91016 in January 2025, down by 31.6% month-over-month. Of the 13 sold homes, 46% were sold under asking, 15% were sold at asking, and and 38% were sold over asking.
Days on Market for 91016, CA
How long does it take to sell a home in 91016, CA?
Breakdown of Home Sale Times
Under 30 Days7 Homes
30 – 90 Days5 Homes
Over 90 Days1 Home
Insight
Many homes in 91016 are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 13 homes were sold in 91016; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 38 DaysThis YearJan 2025 | ||
| 54 Days1 year agoJan 2024 | -30.1 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in 91016 had an average listing age of 38 days in Jan 2025, down by 30.1% compared to the previous year.
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Newest Listings in 91016, CA
What homes are available in 91016, CA?
New - 4 days on Rocket
$10,000 Closing Credit¹
#25490929, Brienna Holmes, Listing Office: Compass
New - 4 days on Rocket
$10,000 Closing Credit¹
#AR25019918, Maggie Ly, Listing Office: Re/Max Premier Prop SanMarino
New - 4 days on Rocket
$10,000 Closing Credit¹
#WS25020683, LUNG CHEN, Listing Office: COLDWELL BANKER GEORGE REALTY
New - 4 days on Rocket
$7,113 Closing Credit¹
#AR25015523, Patricia Parish, Listing Office: Coldwell Banker Realty
New - 5 days on RocketVideo tour
$10,000 Closing Credit¹
#WS25019945, RAE ZHANG, Listing Office: RE/MAX CHAMPIONS
$10,000 Closing Credit¹
#PF25011618, Will Kaliel, Listing Office: Coldwell Banker Residential
$10,000 Closing Credit¹
#AR25013871, Janet Chan, Listing Office: Advanta Properties, Inc
$10,000 Closing Credit¹
#CV25015462, Sophia Liu, Listing Office: REAL ESTATE EBROKER, INC.
$9,488 Closing Credit¹
#CV25015780, MICAH ADAMS, Listing Office: CENTURY 21 ADAMS & BARNES
$9,381 Closing Credit¹
#OC25012867, David Jervis, Listing Office: Coldwell Banker Realty
$10,000 Closing Credit¹
#CV25012779, Daniel Boyer, Listing Office: SOUTHLAND PROPERTIES
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MLS Disclaimers and Copyright
Based on information from California Regional MLS, for the period 02/01/2023 - 02/01/2025
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/2/2025, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.