Is 91604, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 91604 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 91604 was a Seller's Market.

Key Takeaway

91604 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 91604, CA

How much do homes in 91604, CA cost?

Median Sold Price

$1,698,000

$797/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$52,000(+3.2%)

Key Takeaway

Homes in 91604 have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in 91604 was $1,698,000 in October 2024, up 3.2% from last year, and the median price per square foot was $797.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $497.5K$564.9K
+13.6%
2 $861K$842K
-2.2%
3 $1.5M$1.6M
+9.3%
4 $2.6M$2.2M
-13.9%
5+ $3.4M$3.5M
+2.9%

Summary: 91604 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.6%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes increased by 2.9%.

Median Sold Price Compared To Nearby Zip Codes

91607
+21.3%
91423
+3.7%
91604
+3.2%
91602
-8.4%

Housing Supply in 91604, CA

How many homes are available in 91604, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
152185+21.7%

Summary: The 91604 real estate market had 185 homes for sale in October 2024, a 21.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 3536
+2.9%
3 4350
+16.3%
4 4156
+36.6%
5+ 3040
+33.3%

Summary: The 91604 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 2.9%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 36.6%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2530+20.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 91604, you could pay more than the asking price. 43.3% of homes here sold above asking price last month.

Summary: A total of 30 homes were sold or pending in 91604 in October 2024, up by 20.0% month-over-month. Of the 30 sold homes, 37% were sold under asking, 20% were sold at asking, and 43% were sold over asking.

Days on Market for 91604, CA

How long does it take to sell a home in 91604, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days33 Days+44.1%

Summary: Homes in 91604 had an average of 33 days on market in Oct 2024, up by 44.1% compared to last year.

Breakdown of Home Sale Times

19 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 91604 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 30 homes were sold in 91604; 63% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 7% 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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