Is 91387, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 91387 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 91387 has remained a Seller's Market.

Key Takeaway

91387 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 91387, CA

How much do homes in 91387, CA cost?

Median Sold Price

$799,500

$428/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$54,500(+7.3%)

Key Takeaway

Homes in 91387 have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in 91387 was $799,500 in October 2024, up 7.3% from last year, and the median price per square foot was $428.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $368.5K$721K
+95.7%
2 $464.5K$478.5K
+3.0%
3 $690K$710K
+2.9%
4 $800K$895K
+11.9%
5+ $1.0M$1.1M
+4.1%

Summary: 91387 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 95.7%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 4.1%.

Median Sold Price Compared To Nearby Zip Codes

91351
+10.9%
91387
+7.3%
91342
+5.8%
91390
-0.4%
91321
-2.8%

Housing Supply in 91387, CA

How many homes are available in 91387, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
112117+4.5%

Summary: The 91387 real estate market had 117 homes for sale in October 2024, a 4.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2022
+10.0%
3 3835
-7.9%
4 3334
+3.0%
5+ 2126
+23.8%

Summary: The 91387 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 10%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 23.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
22220.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 91387, you could pay more than the asking price. 40.9% of homes here sold above asking price last month.

Summary: A total of 22 homes were sold or pending in 91387 in October 2024, the same as the previous month. Of the 22 sold homes, 32% were sold under asking, 27% were sold at asking, and 41% were sold over asking.

Days on Market for 91387, CA

How long does it take to sell a home in 91387, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days34 Days+4.3%

Summary: Homes in 91387 had an average of 34 days on market in Oct 2024, up by 4.3% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 91387 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 22 homes were sold in 91387; 50% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 9% 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 13 Days Ago

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