Is 93109, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93109 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 93109 has remained a Seller's Market.

Key Takeaway

93109 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 93109, CA

How much do homes in 93109, CA cost?

Median Sold Price

$2,428,806

$1,655/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$243,806(+11.2%)

Key Takeaway

Homes in 93109 have sold for 11.2% more than they did a year ago.

Summary: The median home sold price in 93109 was $2,428,806 in December 2024, up 11.2% from last year, and the median price per square foot was $1,655.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $687.5K$2.2M
+228.3%
2 $1.5M$1.7M
+16.7%
3 $2.4M$2.4M
0.5%
4 $2.4M$3.3M
+34.6%
5+ $16.2M$3.2M
-79.9%

Summary: 93109 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 228.3%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 34.6%, and 5+ bedroom homes decreased by 79.9%.

Median Sold Price Compared To Nearby Zip Codes

93109
+11.2%
93105
+7.6%

Housing Supply in 93109, CA

How many homes are available in 93109, CA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3328-15.2%

Summary: The 93109 real estate market had 28 homes for sale in December 2024, a 15.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 10
-100.0%
2 87
-12.5%
3 1210
-16.7%
4 108
-20.0%
5+ 23
+50.0%

Summary: The 93109 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

2 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 93109, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 93109 in December 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for 93109, CA

How long does it take to sell a home in 93109, CA?

Average Sale Time

Dec 2023Dec 2024CHANGE
28 Days46 Days+64.2%

Summary: Homes in 93109 had an average of 46 days on market in Dec 2024, up by 64.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93109 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 5 homes were sold in 93109; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 93109, CA

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