Is 91406, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 91406 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 91406 has remained a Seller's Market.

Key Takeaway

91406 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 91406, CA

How much do homes in 91406, CA cost?

Median Sold Price

$858,333

$580/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$27,833(+3.4%)

Key Takeaway

Homes in 91406 have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in 91406 was $858,333 in November 2024, up 3.4% from last year, and the median price per square foot was $580.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $350K$383K
+9.4%
2 $600K$589.5K
-1.8%
3 $842.5K$865K
+2.7%
4 $905K$1.0M
+10.7%
5+ $1.2M$1.5M
+28.6%

Summary: 91406 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 28.6%.

Median Sold Price Compared To Nearby Zip Codes

91343
+4.3%
91406
+3.4%
91405
+3.3%
91316
-0.6%

Housing Supply in 91406, CA

How many homes are available in 91406, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9592-3.2%

Summary: The 91406 real estate market had 92 homes for sale in November 2024, a 3.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 2218
-18.2%
3 4442
-4.5%
4 1716
-5.9%
5+ 1115
+36.4%

Summary: The 91406 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 36.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2120-4.8%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 91406, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 91406 in November 2024, down by 4.8% month-over-month. Of the 20 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for 91406, CA

How long does it take to sell a home in 91406, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days30 Days+54.3%

Summary: Homes in 91406 had an average of 30 days on market in Nov 2024, up by 54.3% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 91406 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 20 homes were sold in 91406; 65% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

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