90240 Housing Market
Median List Price
$1,199,000
Updated August 2026
Today, the 90240 ZIP code in Downey, CA has 17 homes for sale at a median list price of $1,199,000, typically selling in about 42 days.
90240 Housing Market Overview
Homes in the 90240 ZIP code carry a median list price of $1.2M. That runs roughly 19.9% higher than Downey as a whole. The median price moved from $875,000 in February to $940,000 in July, a 7.4% increase over six months. Right now 17 homes are on the market in the 90240 ZIP code.
90240 Area Market Pulse
Topfind Market Read
Sellers hold the edge right now. There is only 1.7 months of supply, and sale prices are up 6% over the last six months and 3% over the past year. At the same time, 53% of sellers have trimmed their asking price, so the market is not running away from buyers. Sellers have the stronger hand, though prepared buyers can still negotiate on the right home.
Median Home Price
$1.20M
↑ 3% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
1.7 months of supply
Tight Supply17 active listings against the current sales pace works out to about 1.7 months of supply.
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~42 days.
Sales Velocity
How fast homes are selling
Homes are selling at a steady pace, so buyers have some time, though competition still exists.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 59% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in 90240 Area
Homeownership is near the state average, with a balanced mix of owners and renters.
51%
Homeowners
49%
Renters
Homeownership is 4.5 points lower than the California average (55.5%)
34,727 households (2023)
Median Price by Bedroom
Home prices rise significantly with each additional bedroom.
Each additional bedroom adds about $296K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$419K)
Price Reductions
9 listings have reduced their price
53% of active listings
Average reduction: 3.8% (~$46K)
Browse 90240 Listings
Frequently Asked Questions about the 90240 Housing Market
What is the median home price in the 90240 ZIP code?
The median list price in the 90240 ZIP code is $1,199,000 as of August 2026, based on 17 active listings.
Is the 90240 ZIP code a buyer's market or a seller's market?
The 90240 ZIP code currently reads as a balanced market. Active inventory works out to about 1.7 months of supply at the recent sales pace.
How fast do homes sell in the 90240 ZIP code?
The average home currently for sale in the 90240 ZIP code has been on the market for 42 days.
Are home prices in the 90240 ZIP code going up or down?
The median sale price in the 90240 ZIP code is up about 3.0% compared with a year ago.
How many homes are for sale in the 90240 ZIP code?
There are 17 homes for sale in the 90240 ZIP code right now, including 1 listed within the last week.