Is 91978, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 91978 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 91978 has remained a Seller's Market.

Key Takeaway

91978 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 91978, CA

How much do homes in 91978, CA cost?

Median Sold Price

$816,500

$511/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$96,500(+13.4%)

Key Takeaway

Homes in 91978 have sold for 13.4% more than they did a year ago.

Summary: The median home sold price in 91978 was $816,500 in October 2024, up 13.4% from last year, and the median price per square foot was $511.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$408K
N/A
2 $472.5K$495K
+4.8%
3 $540K$775K
+43.5%
4 $795K$875K
+10.1%
5+ $978.7K$1.0M
+4.2%

Summary: 91978 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 4.8%, 3 bedroom homes increased by 43.5%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 4.2%.

Median Sold Price Compared To Nearby Zip Codes

91914
+23.0%
91978
+13.4%
92019
+8.2%
91977
+8.0%
91941
+7.1%

Housing Supply in 91978, CA

How many homes are available in 91978, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1519+26.7%

Summary: The 91978 real estate market had 19 homes for sale in October 2024, a 26.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 00
0.0%
3 68
+33.3%
4 78
+14.3%
5+ 12
+100.0%

Summary: The 91978 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 33.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 91978, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 91978 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for 91978, CA

How long does it take to sell a home in 91978, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days18 Days+31.7%

Summary: Homes in 91978 had an average of 18 days on market in Oct 2024, up by 31.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 91978 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 91978; 75% of homes were sold within 30 days, 25% 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 21 Days Ago

Newest Listings in 91978, CA

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