Is 91942, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 91942 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 91942 has remained a Seller's Market.

Key Takeaway

91942 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 91942, CA

How much do homes in 91942, CA cost?

Median Sold Price

$792,566

$578/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$75,529(+10.5%)

Key Takeaway

Homes in 91942 have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in 91942 was $792,566 in October 2024, up 10.5% from last year, and the median price per square foot was $578.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $399.3K$423K
+5.9%
2 $576K$605K
+5.0%
3 $763K$850K
+11.4%
4 $875K$930K
+6.3%
5+ $1.0M$1.2M
+16.3%

Summary: 91942 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 16.3%.

Median Sold Price Compared To Nearby Zip Codes

91942
+10.5%
92120
+9.6%
91941
+7.1%
92119
+6.3%
92115
+5.7%

Housing Supply in 91942, CA

How many homes are available in 91942, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7384+15.1%

Summary: The 91942 real estate market had 84 homes for sale in October 2024, a 15.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 35
+66.7%
2 2229
+31.8%
3 3233
+3.1%
4 1216
+33.3%
5+ 41
-75.0%

Summary: The 91942 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 31.8%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 75%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2226+18.2%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 91942, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 91942 in October 2024, up by 18.2% month-over-month. Of the 26 sold homes, 42% were sold under asking, 23% were sold at asking, and 35% were sold over asking.

Days on Market for 91942, CA

How long does it take to sell a home in 91942, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
8 Days25 Days+182.3%

Summary: Homes in 91942 had an average of 25 days on market in Oct 2024, up by 182.3% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 91942 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 26 homes were sold in 91942; 77% of homes were sold within 30 days, 23% 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 14 Days Ago

Newest Listings in 91942, CA

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