Is 91916, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 91916 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 91916 was a Neutral Market.

Key Takeaway

91916 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 91916, CA

How much do homes in 91916, CA cost?

Median Sold Price

$609,000

$416/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$3,500(-0.6%)

Key Takeaway

Homes in 91916 have sold for 0.6% less than they did a year ago.

Summary: The median home sold price in 91916 was $609,000 in October 2024, down 0.6% from last year, and the median price per square foot was $416.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $589.5K$430.5K
-27.0%
2 $448K$553K
+23.4%
3 $729K$679K
-6.9%
4 $910K$770K
-15.4%
5+ $1.8M$1.9M
+8.3%

Summary: 91916 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27%, 2 bedroom homes increased by 23.4%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 8.3%.

Median Sold Price Compared To Nearby Zip Codes

92036
+16.2%
91901
+9.8%
91916
-0.6%

Housing Supply in 91916, CA

How many homes are available in 91916, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
12120.0%

Summary: The 91916 real estate market had 12 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 53
-40.0%
3 45
+25.0%
4 12
+100.0%
5+ 11
0.0%

Summary: The 91916 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 decreased by 40%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 91916, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 91916 in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 91916, CA

How long does it take to sell a home in 91916, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
8 Days39 Days+396.9%

Summary: Homes in 91916 had an average of 39 days on market in Oct 2024, up by 396.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 91916 has remained consistent over time.

Summary: During October 2024, 4 homes were sold in 91916; 25% of homes were sold within 30 days, 75% 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 23 Days Ago

Newest Listings in 91916, CA

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