Is 91342, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 91342 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 91342 has remained a Seller's Market.

Key Takeaway

91342 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 91342, CA

How much do homes in 91342, CA cost?

Median Sold Price

$799,500

$498/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$49,516(+6.6%)

Key Takeaway

Homes in 91342 have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in 91342 was $799,500 in November 2024, up 6.6% from last year, and the median price per square foot was $498.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $540K$280K
-48.1%
2 $522.5K$572.5K
+9.6%
3 $742K$781.2K
+5.3%
4 $800K$875K
+9.4%
5+ $993.5K$950K
-4.4%

Summary: 91342 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.1%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 4.4%.

Median Sold Price Compared To Nearby Zip Codes

91342
+6.6%
91331
+6.5%
91040
+4.5%
91340
+3.1%

Housing Supply in 91342, CA

How many homes are available in 91342, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
148131-11.5%

Summary: The 91342 real estate market had 131 homes for sale in November 2024, a 11.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 23
+50.0%
2 1921
+10.5%
3 5648
-14.3%
4 5544
-20.0%
5+ 1615
-6.3%

Summary: The 91342 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 6.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3839+2.6%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 91342, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.

Summary: A total of 39 homes were sold or pending in 91342 in November 2024, up by 2.6% month-over-month. Of the 39 sold homes, 33% were sold under asking, 21% were sold at asking, and 46% were sold over asking.

Days on Market for 91342, CA

How long does it take to sell a home in 91342, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
17 Days30 Days+75.5%

Summary: Homes in 91342 had an average of 30 days on market in Nov 2024, up by 75.5% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 91342 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 39 homes were sold in 91342; 62% of homes were sold within 30 days, 31% 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 21 Days Ago

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