Is 91748, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 91748 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 91748 has remained a Seller's Market.

Key Takeaway

91748 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 91748, CA

How much do homes in 91748, CA cost?

Median Sold Price

$945,000

$537/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$78,456(+9.1%)

Key Takeaway

Homes in 91748 have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in 91748 was $945,000 in October 2024, up 9.1% from last year, and the median price per square foot was $537.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $419K$421.4K
+0.6%
3 $743.5K$840K
+13.0%
4 $943.5K$1.0M
+7.0%
5+ $1.3M$1.3M
+4.2%

Summary: 91748 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 4.2%.

Median Sold Price Compared To Nearby Zip Codes

91745
+10.5%
91789
+9.9%
91748
+9.1%
91792
+7.7%
91744
+7.5%

Housing Supply in 91748, CA

How many homes are available in 91748, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6574+13.8%

Summary: The 91748 real estate market had 74 homes for sale in October 2024, a 13.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 66
0.0%
3 1516
+6.7%
4 2834
+21.4%
5+ 1618
+12.5%

Summary: The 91748 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 remained the same, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1525+66.7%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 91748, you may be able to get a good deal. 64% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 91748 in October 2024, up by 66.7% month-over-month. Of the 25 sold homes, 64% were sold under asking, 8% were sold at asking, and 28% were sold over asking.

Days on Market for 91748, CA

How long does it take to sell a home in 91748, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days59 Days+157.7%

Summary: Homes in 91748 had an average of 59 days on market in Oct 2024, up by 157.7% compared to last year.

Breakdown of Home Sale Times

14 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 91748 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 25 homes were sold in 91748; 56% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 8% 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 16 Days Ago

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