The 90068 Property Market: A Rollercoaster Worth Riding

Buckle up, buttercup, because the 90068 real estate market is wilder than a Hollywood blockbuster. As of November 2024, the median sold price for homes in this zip code was a cool $1,840,000. That’s an 8.2% increase from last year, proving that in 90068, the only way is up (literally and figuratively).

Now, I know what you’re thinking: Is it worth it? Let me hit you with some hard facts:

• The average home value in 90068 is $1,773,425, up 3.3% over the past year. Translation? Your investment is likely to grow faster than your succulents.
• Homes here are selling after an average of 71 days on the market. In LA terms, that’s practically the speed of light.
• 81% of homes sold below asking price in November 2024. Yes, you read that right. There’s room for negotiation, even in this hot market.

But here’s the kicker: 90068 isn’t just about the numbers. It’s about waking up to panoramic views that make your Instagram followers weep with envy. It’s about living in a place where creativity and success aren’t just buzzwords – they’re your neighbors.

Let’s break down these numbers a bit more. According to recent real estate data, the market in 90068 is showing some interesting trends:

• The inventory of homes for sale has increased across all bedroom counts, with 1-bedroom homes seeing a 33.3% increase from October to November 2024.
• The median price per square foot is $863, which is higher than many other LA neighborhoods.
• 5+ bedroom homes saw a staggering 28.8% price increase year-over-year, indicating a strong demand for luxury properties.

These trends suggest that while the market is competitive, it’s also dynamic, offering opportunities for savvy buyers across different price points.

From Modest to Magnificent: The 90068 Property Spectrum

Let’s break it down by bedroom count, shall we?

• 1 Bedroom: Starting at around $649,000. Perfect for the Hollywood hopeful or the minimalist mogul. These often come in the form of stylish condos or cozy bungalows, ideal for those wanting to dip their toes into the 90068 lifestyle.

• 2 Bedrooms: Hovering around $1.1 million. Ideal for the power couple or the work-from-home warrior who needs a Zoom room. You might find charming Spanish-style homes or modern apartments with killer views at this price point.

• 3 Bedrooms: $1.9 million gets you into family territory or gives you space for that home gym/meditation room/wine cellar (we don’t judge). At this level, you’re looking at substantial homes, often with outdoor spaces that make the most of the California weather.

• 4 Bedrooms: At $2.4 million, you’re in serious player territory. Think pool, guest house, maybe even a small vineyard. These homes often come with the kind of architectural pedigree that makes design enthusiasts swoon.

• 5+ Bedrooms: $3.7 million and up. This is where dreams come true, and homes become compounds. We’re talking about properties that could easily be featured in Architectural Digest – homes with home theaters, wine cellars, and infinity pools that seem to merge with the LA skyline.

But remember, in 90068, it’s not just about the square footage. It’s about the story your home tells. Will it be a sleek modernist masterpiece perched on a cliff? A restored Spanish revival with a secret garden? The choice is yours, and the options are as diverse as LA itself.