Is 91106, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 91106 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 91106 has remained a Seller's Market.

Key Takeaway

91106 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 91106, CA

How much do homes in 91106, CA cost?

Median Sold Price

$930,000

$711/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,550(+2.3%)

Key Takeaway

Homes in 91106 have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in 91106 was $930,000 in October 2024, up 2.3% from last year, and the median price per square foot was $711.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $540K$542.5K
0.5%
2 $755K$805K
+6.6%
3 $999.5K$1.2M
+23.0%
4 $2.4M$2.6M
+5.4%
5+ $3.7M$3.1M
-14.5%

Summary: 91106 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 23%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 14.5%.

Median Sold Price Compared To Nearby Zip Codes

91108
+12.7%
91105
+7.2%
91104
+4.4%
91106
+2.3%
91101
-2.3%

Housing Supply in 91106, CA

How many homes are available in 91106, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6566+1.5%

Summary: The 91106 real estate market had 66 homes for sale in October 2024, a 1.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1010
0.0%
2 2223
+4.5%
3 1917
-10.5%
4 55
0.0%
5+ 911
+22.2%

Summary: The 91106 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1216+33.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 91106, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in 91106 in October 2024, up by 33.3% month-over-month. Of the 16 sold homes, 31% were sold under asking, 19% were sold at asking, and 50% were sold over asking.

Days on Market for 91106, CA

How long does it take to sell a home in 91106, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days24 Days-24.2%

Summary: Homes in 91106 had an average of 24 days on market in Oct 2024, down by 24.2% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 91106 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 16 homes were sold in 91106; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% 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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