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 October 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

$793,866

$497/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$43,866(+5.8%)

Key Takeaway

Homes in 91342 have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in 91342 was $793,866 in October 2024, up 5.8% from last year, and the median price per square foot was $497.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $475K$325K
-31.6%
2 $512.5K$575K
+12.2%
3 $740K$781.2K
+5.6%
4 $800K$875K
+9.4%
5+ $987K$999K
+1.2%

Summary: 91342 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.6%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 1.2%.

Median Sold Price Compared To Nearby Zip Codes

91040
+9.7%
91331
+6.7%
91342
+5.8%

Housing Supply in 91342, CA

How many homes are available in 91342, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
160145-9.4%

Summary: The 91342 real estate market had 145 homes for sale in October 2024, a 9.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 2516
-36.0%
3 5253
+1.9%
4 5855
-5.2%
5+ 2319
-17.4%

Summary: The 91342 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 36%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 17.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3437+8.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

23 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. 62.2% of homes here sold above asking price last month.

Summary: A total of 37 homes were sold or pending in 91342 in October 2024, up by 8.8% month-over-month. Of the 37 sold homes, 24% were sold under asking, 14% were sold at asking, and 62% 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

Oct 2023Oct 2024CHANGE
28 Days26 Days-7.8%

Summary: Homes in 91342 had an average of 26 days on market in Oct 2024, down by 7.8% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 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 October 2024, 37 homes were sold in 91342; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% 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

Newest Listings in 91342, CA

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