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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 91916 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 91916 was a Seller's Market.

Key Takeaway

91916 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 91916, CA

How much do homes in 91916, CA cost?

Median Sold Price

$609,500

$428/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$500(-0.1%)

Key Takeaway

The sold price of homes in 91916 has remained the same since last year.

Summary: The median home sold price in 91916 was $609,500 in November 2024, down 0.1% from last year, and the median price per square foot was $428.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $589.5K$430.5K
-27.0%
2 $486.5K$609K
+25.2%
3 $775K$644.5K
-16.8%
4 $910K$770K
-15.4%
5+ $1.8M$1.9M
+8.3%

Summary: 91916 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27%, 2 bedroom homes increased by 25.2%, 3 bedroom homes decreased by 16.8%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 8.3%.

Median Sold Price Compared To Nearby Zip Codes

92036
+13.5%
91901
+10.0%
91916
-0.1%

Housing Supply in 91916, CA

How many homes are available in 91916, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
117-36.4%

Summary: The 91916 real estate market had 7 homes for sale in November 2024, a 36.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 31
-66.7%
3 42
-50.0%
4 22
0.0%
5+ 11
0.0%

Summary: The 91916 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 66.7%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 91916, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 91916 in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Nov 2023Nov 2024CHANGE
9 Days10 Days+11.1%

Summary: Homes in 91916 had an average of 10 days on market in Nov 2024, up by 11.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 91916 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 91916; 100% of homes were sold within 30 days, 0% 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 27 Days Ago

Newest Listings in 91916, CA

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