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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93103 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 93103 was a Seller's Market.

Key Takeaway

93103 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 93103, CA

How much do homes in 93103, CA cost?

Median Sold Price

$2,316,272

$1,308/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$401,772(+21.0%)

Key Takeaway

Homes in 93103 have sold for 21% more than they did a year ago.

Summary: The median home sold price in 93103 was $2,316,272 in October 2024, up 21% from last year, and the median price per square foot was $1,308.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $785K$870K
+10.8%
2 $1.3M$1.5M
+13.7%
3 $1.9M$2.4M
+25.4%
4 $2.7M$4.0M
+48.9%
5+ $4.7M$3.7M
-21.4%

Summary: 93103 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 25.4%, 4 bedroom homes increased by 48.9%, and 5+ bedroom homes decreased by 21.4%.

Median Sold Price Compared To Nearby Zip Codes

93103
+21.0%
93108
+13.1%
93101
+6.5%
93105
+6.1%

Housing Supply in 93103, CA

How many homes are available in 93103, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4748+2.1%

Summary: The 93103 real estate market had 48 homes for sale in October 2024, a 2.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 810
+25.0%
3 1514
-6.7%
4 1917
-10.5%
5+ 45
+25.0%

Summary: The 93103 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
158-46.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 93103 in October 2024, down by 46.7% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% 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

Oct 2023Oct 2024CHANGE
8 Days70 Days+784.4%

Summary: Homes in 93103 had an average of 70 days on market in Oct 2024, up by 784.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93103 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in 93103; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% 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 22 Days Ago

Newest Listings in 93103, CA

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