Is 93103, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93103 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 93103 has remained a Seller's Market.

Key Takeaway

93103 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 93103, CA

How much do homes in 93103, CA cost?

Median Sold Price

$1,975,000

$1,277/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$100,000(+5.3%)

Key Takeaway

Homes in 93103 have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in 93103 was $1,975,000 in December 2024, up 5.3% from last year, and the median price per square foot was $1,277.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $785K$878.5K
+11.9%
2 $1.5M$1.5M
0.2%
3 $1.9M$2.4M
+25.6%
4 $2.8M$4.1M
+46.4%
5+ $4.4M$2.9M
-33.9%

Summary: 93103 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 46.4%, and 5+ bedroom homes decreased by 33.9%.

Median Sold Price Compared To Nearby Zip Codes

93105
+7.6%
93108
+6.6%
93103
+5.3%

Housing Supply in 93103, CA

How many homes are available in 93103, CA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4138-7.3%

Summary: The 93103 real estate market had 38 homes for sale in December 2024, a 7.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 33
0.0%
2 1010
0.0%
3 119
-18.2%
4 1312
-7.7%
5+ 44
0.0%

Summary: The 93103 housing inventory by bedroom type for December 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 18.2%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
710+42.9%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93103, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 93103 in December 2024, up by 42.9% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.

Days on Market for 93103, CA

How long does it take to sell a home in 93103, CA?

Average Sale Time

Dec 2023Dec 2024CHANGE
21 Days40 Days+87.1%

Summary: Homes in 93103 had an average of 40 days on market in Dec 2024, up by 87.1% compared to last year.

Breakdown of Home Sale Times

3 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

Avg time on Rocket Homes in 93103 has remained consistent over time.

Summary: During December 2024, 10 homes were sold in 93103; 30% of homes were sold within 30 days, 70% 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 4 Days Ago

Newest Listings in 93103, CA

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