Is 93110, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93110 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 93110 was a Seller's Market.

Key Takeaway

93110 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 93110, CA

How much do homes in 93110, CA cost?

Median Sold Price

$1,652,500

$998/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$697,500(-29.7%)

Key Takeaway

Homes in 93110 have sold for 29.7% less than they did a year ago.

Summary: The median home sold price in 93110 was $1,652,500 in November 2024, down 29.7% from last year, and the median price per square foot was $998.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $967.5K$1.1M
+21.4%
2 $918K$1.2M
+30.7%
3 $1.9M$1.6M
-15.3%
4 $3.9M$2.9M
-27.1%
5+ $6.2M$4.8M
-21.7%

Summary: 93110 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.4%, 2 bedroom homes increased by 30.7%, 3 bedroom homes decreased by 15.3%, 4 bedroom homes decreased by 27.1%, and 5+ bedroom homes decreased by 21.7%.

Median Sold Price Compared To Nearby Zip Codes

93111
+14.2%
93109
+13.2%
93105
+4.2%
93110
-29.7%

Housing Supply in 93110, CA

How many homes are available in 93110, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3837-2.6%

Summary: The 93110 real estate market had 37 homes for sale in November 2024, a 2.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 21
-50.0%
3 1011
+10.0%
4 1514
-6.7%
5+ 1010
0.0%

Summary: The 93110 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
83-62.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93110, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 93110 in November 2024, down by 62.5% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 93110, CA

How long does it take to sell a home in 93110, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days17 Days-8.1%

Summary: Homes in 93110 had an average of 17 days on market in Nov 2024, down by 8.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93110 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in 93110; 100% of homes were sold within 30 days, 0% 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 18 Days Ago

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