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 October 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

$5,455,365

$1,731/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$632,365(+13.1%)

Key Takeaway

Homes in 93108 have sold for 13.1% more than they did a year ago.

Summary: The median home sold price in 93108 was $5,455,365 in October 2024, up 13.1% from last year, and the median price per square foot was $1,731.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $1.8M$2.1M
+18.2%
2 $2.9M$3.3M
+14.4%
3 $4.0M$4.1M
+3.0%
4 $5.4M$5.5M
+1.4%
5+ $10.2M$8.4M
-18.0%

Summary: 93108 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 18%.

Median Sold Price Compared To Nearby Zip Codes

93103
+21.0%
93108
+13.1%
93105
+6.1%
93013
-8.4%

Housing Supply in 93108, CA

How many homes are available in 93108, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
140144+2.9%

Summary: The 93108 real estate market had 144 homes for sale in October 2024, a 2.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 1211
-8.3%
3 4448
+9.1%
4 4345
+4.7%
5+ 3937
-5.1%

Summary: The 93108 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 5.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
16160.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were 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. 81.3% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 93108 in October 2024, the same as the previous month. Of the 16 sold homes, 81% were sold under asking, 6% were sold at asking, and 13% 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

Oct 2023Oct 2024CHANGE
67 Days70 Days+5.0%

Summary: Homes in 93108 had an average of 70 days on market in Oct 2024, up by 5% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93108 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 16 homes were sold in 93108; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% 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 21 Days Ago

Newest Listings in 93108, CA

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