$3,999,950
4,042 SqFt
5 Beds
•4 Full Baths
Jing Ren, Listing Office: Beverly & Company, Inc.
Is 91316, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 91316 was a Seller's Market.
Key Takeaway
91316 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 91316, CA
How much do homes in 91316, CA cost?
Median Sold Price
$877,500
$544/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,500(+2.0%)
Key Takeaway
Homes in 91316 have sold for 2% more than they did a year ago.
Summary: The median home sold price in 91316 was $877,500 in October 2024, up 2% from last year, and the median price per square foot was $544.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $350K | +18.6% |
| 2 Bedrooms | $579K | $620K | +7.1% |
| 3 Bedrooms | $910K | $1.0M | +10.7% |
| 4 Bedrooms | $1.7M | $1.5M | -8.0% |
| 5+ Bedrooms | $3.3M | $3.1M | -5.7% |
Summary: 91316 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.6%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 10.7%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 5.7%.
Housing Supply in 91316, CA
How many homes are available in 91316, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 158 | 181 | +14.6% |
Summary: The 91316 real estate market had 181 homes for sale in October 2024, a 14.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 18 | +20.0% |
| 2 Bedrooms | 52 | 63 | +21.2% |
| 3 Bedrooms | 31 | 30 | -3.2% |
| 4 Bedrooms | 21 | 23 | +9.5% |
| 5+ Bedrooms | 39 | 47 | +20.5% |
Summary: The 91316 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 21.2%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 20.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 91316, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 91316 in October 2024, down by 13.0% month-over-month. Of the 20 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.
Days on Market for 91316, CA
How long does it take to sell a home in 91316, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 31 Days | +1.3% |
Summary: Homes in 91316 had an average of 31 days on market in Oct 2024, up by 1.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 91316 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in 91316; 70% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.