Is 93108, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93108 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 93108 was a Seller's Market.

Key Takeaway

93108 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 93108, CA

How much do homes in 93108, CA cost?

Median Sold Price

$5,250,000

$1,705/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$325,000(+6.6%)

Key Takeaway

Homes in 93108 have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in 93108 was $5,250,000 in December 2024, up 6.6% from last year, and the median price per square foot was $1,705.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$2.1M
N/A
2 $2.6M$3.2M
+26.0%
3 $4.1M$4.0M
-3.6%
4 $5.3M$5.5M
+2.7%
5+ $9.5M$8.4M
-11.9%

Summary: 93108 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 11.9%.

Median Sold Price Compared To Nearby Zip Codes

93105
+7.6%
93108
+6.6%
93103
+5.3%
93013
-1.9%

Housing Supply in 93108, CA

How many homes are available in 93108, CA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
10391-11.7%

Summary: The 93108 real estate market had 91 homes for sale in December 2024, a 11.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 33
0.0%
2 109
-10.0%
3 3831
-18.4%
4 2925
-13.8%
5+ 2323
0.0%

Summary: The 93108 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 decreased by 10%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1412-14.3%

Asking Price vs. Sold Price

10 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 93108, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 93108 in December 2024, down by 14.3% month-over-month. Of the 12 sold homes, 83% were sold under asking, 8% were sold at asking, and 8% were sold over asking.

Days on Market for 93108, CA

How long does it take to sell a home in 93108, CA?

Average Sale Time

Dec 2023Dec 2024CHANGE
59 Days107 Days+80.9%

Summary: Homes in 93108 had an average of 107 days on market in Dec 2024, up by 80.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 93108 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 12 homes were sold in 93108; 8% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 58% 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 2 Days Ago

Newest Listings in 93108, CA

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