Is 91506, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 91506 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 91506 was a Seller's Market.

Key Takeaway

91506 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 91506, CA

How much do homes in 91506, CA cost?

Median Sold Price

$1,261,250

$841/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$81,250(+6.9%)

Key Takeaway

Homes in 91506 have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in 91506 was $1,261,250 in November 2024, up 6.9% from last year, and the median price per square foot was $841.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $667.5K$730K
+9.4%
2 $925.3K$1.0M
+13.0%
3 $1.2M$1.2M
+2.0%
4 $1.3M$1.6M
+20.4%
5+ $1.6M$1.8M
+17.8%

Summary: 91506 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 increased by 13%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes increased by 17.8%.

Median Sold Price Compared To Nearby Zip Codes

91506
+6.9%
91505
+4.6%
91201
-1.8%
91504
-6.2%

Housing Supply in 91506, CA

How many homes are available in 91506, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
29290.0%

Summary: The 91506 real estate market had 29 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 98
-11.1%
3 1314
+7.7%
4 22
0.0%
5+ 44
0.0%

Summary: The 91506 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 11.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
83-62.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 91506, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 91506 in November 2024, down by 62.5% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 91506, CA

How long does it take to sell a home in 91506, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days20 Days-15.1%

Summary: Homes in 91506 had an average of 20 days on market in Nov 2024, down by 15.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 91506 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in 91506; 67% of homes were sold within 30 days, 33% 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

Newest Listings in 91506, CA

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