Is 93001, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93001 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 93001 was a Neutral Market.

Key Takeaway

93001 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 93001, CA

How much do homes in 93001, CA cost?

Median Sold Price

$950,000

$670/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since October 2023.

Key Takeaway

The sold price of homes in 93001 has remained the same since last year.

Summary: The median home sold price in 93001 was $950,000 in October 2024, the same as last year, and the median price per square foot was $670.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $522K$592K
+13.4%
2 $660K$708K
+7.3%
3 $1.1M$1.2M
+11.0%
4 $1.7M$1.2M
-28.0%
5+ $1.8M$1.7M
-8.0%

Summary: 93001 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 11%, 4 bedroom homes decreased by 28%, and 5+ bedroom homes decreased by 8%.

Median Sold Price Compared To Nearby Zip Codes

93003
+10.3%
93022
+2.3%
93036
+2.0%
93001
0.0%
93013
-8.4%

Housing Supply in 93001, CA

How many homes are available in 93001, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
133141+6.0%

Summary: The 93001 real estate market had 141 homes for sale in October 2024, a 6.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 55
0.0%
2 4547
+4.4%
3 5962
+5.1%
4 1823
+27.8%
5+ 64
-33.3%

Summary: The 93001 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 increased by 4.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1437+164.3%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93001, you may be able to get a good deal. 45.9% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in 93001 in October 2024, up by 164.3% month-over-month. Of the 37 sold homes, 46% were sold under asking, 43% were sold at asking, and 11% were sold over asking.

Days on Market for 93001, CA

How long does it take to sell a home in 93001, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days63 Days+91.6%

Summary: Homes in 93001 had an average of 63 days on market in Oct 2024, up by 91.6% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 93001 has remained consistent over time.

Summary: During October 2024, 37 homes were sold in 93001; 41% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 14% 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 15 Days Ago

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