Market Recap: Trends & Pricing
- Median Sale Price: Approximately $893K in June 2025, up 8.9% YoY, with homes spending around 39 days on market (Redfin).
- Pricing Per Square Foot: Averaging $574/sq ft, growing by 14.6% YoY (Redfin).
- Seller’s Market Dominance: With 59–60% of transactions closing above list price, demand outpaces available listings (Zillow, Realtor, Rocket Mortgage, Redfin).
- Inventory Snapshot: June saw roughly 281 active listings, a modest 1% MoM increase, while completed or pending sales dropped ~15% from May (~63 vs. 74) (Rocket Mortgage).
Neighborhood Insights
- East Whittier shows slightly weaker performance: median price dropped ~4.8% YoY to $809K, though inventory remains competitive with typical offers at or above listing and average time-to-pending ~38 days (Redfin).
Local Highlights (Zip Codes)
- 90603 Zip Code (Central Whittier) had a median sold price near $895.5K in June, up 7.2% YoY, and a median of $580/sq ft. Sales over asking price accounted for ~64% (Rocket Mortgage).
- 90602 Zip posted a median home price of $851.9K, up 5.8% YoY, and a price-per-square-foot of $541 (Rocket Mortgage).
What This Means for Wallstreet Realty & Clients
For Buyers:
- Market Dynamics Favor Urgency: Expect competitive bidding and quick turnarounds, especially for well‑priced single-family homes.
- Fair Value Range is $850K–$900K for typical homes; larger or premium listings can exceed that bracket.
For Sellers:
- Market Timing is Strong: Majority sell above list price—effective staging, compelling visual media, and pricing strategy are vital.
- Zip-code Targeting Matters: Properties in 90603 show better appreciation; East Whittier may be softer but still competitive.
For Investors & Developers:
- Conversion Potential: Modest declines in East Whittier could open opportunity for renovation or small-scale development.
- Niche Appeal: Family-friendly layouts and proximity to top schools keep Whittier demand steady and resilient.
Strategic Recommendations & Action Items
- Client Briefings: Educate buyers on rapid market movement; recommend pre‑offering prep (financing, inspections).
- Listing Enhancements: Leverage high-quality photography, aerials, and floor plans showcased early to maximize exposure.
- Zip-code Intelligence: Focus marketing efforts on stronger-performing areas like 90603 and adapt pricing strategies accordingly.
- Opportunity Monitoring: Track East Whittier trends; falling prices in that submarket may attract investor interest or first-time buyers.
Summary Snapshot
| Segment | Key Insight | Benefit to Clients |
|---|---|---|
| Whittier Overall | Median ≈ $893K; Up ~9% YoY, ~39 DOM | Competitive Pricing Zone; High Buyer Demand |
| 90603 Zip | Median ≈ $895K; 64% Over Asking Price | Ideal for Sellers; Pricing Premium Achievable |
| East Whittier | Median ≈ $809K; Down ~5% YoY | Potential Value Opportunities for Buyers or Renovators |
| Inventory | ~281 Listings; Tight Supply | Sellers Maintain Advantage; Urgency Matters |
| Market Type | Clear Seller’s Market | Pricing Above List; Buyers Must Be Ready |
