Is 91304, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 91304 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 91304 has remained a Seller's Market.

Key Takeaway

91304 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 91304, CA

How much do homes in 91304, CA cost?

Median Sold Price

$960,000

$527/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$67,500(+7.6%)

Key Takeaway

Homes in 91304 have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in 91304 was $960,000 in October 2024, up 7.6% from last year, and the median price per square foot was $527.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $329K$350.5K
+6.5%
2 $428K$447K
+4.4%
3 $818K$880K
+7.6%
4 $1.0M$1.1M
+4.7%
5+ $1.3M$1.4M
+3.2%

Summary: 91304 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 3.2%.

Median Sold Price Compared To Nearby Zip Codes

91304
+7.6%
91311
+7.1%
91306
+6.3%
93063
+6.3%
91307
+4.4%

Housing Supply in 91304, CA

How many homes are available in 91304, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
109115+5.5%

Summary: The 91304 real estate market had 115 homes for sale in October 2024, a 5.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 1412
-14.3%
3 4244
+4.8%
4 3436
+5.9%
5+ 1519
+26.7%

Summary: The 91304 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 decreased by 14.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 26.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
25250.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 91304, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in 91304 in October 2024, the same as the previous month. Of the 25 sold homes, 24% were sold under asking, 16% were sold at asking, and 60% were sold over asking.

Days on Market for 91304, CA

How long does it take to sell a home in 91304, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days27 Days-6.5%

Summary: Homes in 91304 had an average of 27 days on market in Oct 2024, down by 6.5% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 91304 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 25 homes were sold in 91304; 68% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 8% 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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