Is 91977, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 91977 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 91977 has remained a Seller's Market.

Key Takeaway

91977 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 91977, CA

How much do homes in 91977, CA cost?

Median Sold Price

$740,000

$518/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$55,000(+8.0%)

Key Takeaway

Homes in 91977 have sold for 8% more than they did a year ago.

Summary: The median home sold price in 91977 was $740,000 in October 2024, up 8% from last year, and the median price per square foot was $518.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $360K$430K
+19.4%
2 $521.5K$567.5K
+8.8%
3 $679K$733.9K
+8.1%
4 $765K$833.7K
+9.0%
5+ $875K$950K
+8.6%

Summary: 91977 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.4%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 8.6%.

Median Sold Price Compared To Nearby Zip Codes

91978
+13.4%
92114
+10.5%
91945
+8.7%
91977
+8.0%
91941
+7.1%

Housing Supply in 91977, CA

How many homes are available in 91977, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
149150+0.7%

Summary: The 91977 real estate market had 150 homes for sale in October 2024, a 0.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 31
-66.7%
2 1720
+17.6%
3 8384
+1.2%
4 3333
0.0%
5+ 1312
-7.7%

Summary: The 91977 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 1.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4127-34.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 91977, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in 91977 in October 2024, down by 34.1% month-over-month. Of the 27 sold homes, 19% were sold under asking, 15% were sold at asking, and 67% were sold over asking.

Days on Market for 91977, CA

How long does it take to sell a home in 91977, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days19 Days+25.7%

Summary: Homes in 91977 had an average of 19 days on market in Oct 2024, up by 25.7% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 91977 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 27 homes were sold in 91977; 74% of homes were sold within 30 days, 26% 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 16 Days Ago

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