Is 91024, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 91024 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 91024 has remained a Seller's Market.

Key Takeaway

91024 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 91024, CA

How much do homes in 91024, CA cost?

Median Sold Price

$1,387,500

$766/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$87,500(+6.7%)

Key Takeaway

Homes in 91024 have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in 91024 was $1,387,500 in October 2024, up 6.7% from last year, and the median price per square foot was $766.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $736.5K$652K
-11.5%
2 $900K$1.1M
+26.7%
3 $1.3M$1.2M
-4.9%
4 $2.0M$1.7M
-13.2%
5+ $2.1M$2.2M
+1.3%

Summary: 91024 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.5%, 2 bedroom homes increased by 26.7%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes increased by 1.3%.

Median Sold Price Compared To Nearby Zip Codes

91107
+13.8%
91001
+7.7%
91024
+6.7%
91006
+4.6%
91016
-0.8%

Housing Supply in 91024, CA

How many homes are available in 91024, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3330-9.1%

Summary: The 91024 real estate market had 30 homes for sale in October 2024, a 9.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 53
-40.0%
3 1512
-20.0%
4 78
+14.3%
5+ 44
0.0%

Summary: The 91024 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 91024, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 91024 in October 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.

Days on Market for 91024, CA

How long does it take to sell a home in 91024, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days35 Days+8.2%

Summary: Homes in 91024 had an average of 35 days on market in Oct 2024, up by 8.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 91024 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in 91024; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

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