Is 93035, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93035 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 93035 has remained a Seller's Market.

Key Takeaway

93035 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 93035, CA

How much do homes in 93035, CA cost?

Median Sold Price

$935,000

$606/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$44,000(+4.9%)

Key Takeaway

Homes in 93035 have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in 93035 was $935,000 in November 2024, up 4.9% from last year, and the median price per square foot was $606.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $464.5K$478K
+2.9%
2 $842.6K$887.5K
+5.3%
3 $1.0M$1.1M
+14.0%
4 $971.2K$1.0M
+3.0%
5+ $1.8M$1.6M
-11.7%

Summary: 93035 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 11.7%.

Median Sold Price Compared To Nearby Zip Codes

93030
+7.2%
93041
+6.6%
93035
+4.9%
93036
+3.7%

Housing Supply in 93035, CA

How many homes are available in 93035, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10591-13.3%

Summary: The 93035 real estate market had 91 homes for sale in November 2024, a 13.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 66
0.0%
2 3232
0.0%
3 3726
-29.7%
4 2725
-7.4%
5+ 32
-33.3%

Summary: The 93035 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 remained the same, 3 bedroom homes decreased by 29.7%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2817-39.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93035, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 93035 in November 2024, down by 39.3% month-over-month. Of the 17 sold homes, 71% were sold under asking, 12% were sold at asking, and 18% were sold over asking.

Days on Market for 93035, CA

How long does it take to sell a home in 93035, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
60 Days36 Days-39.7%

Summary: Homes in 93035 had an average of 36 days on market in Nov 2024, down by 39.7% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93035 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 17 homes were sold in 93035; 59% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% 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 18 Days Ago

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