Is 93111, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93111 is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, 93111 has remained a Seller's Market.

Key Takeaway

93111 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 93111, CA

How much do homes in 93111, CA cost?

Median Sold Price

$1,565,000

$907/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$165,000(+11.8%)

Key Takeaway

Homes in 93111 have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in 93111 was $1,565,000 in September 2024, up 11.8% from last year, and the median price per square foot was $907.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $850K$677.5K
-20.3%
2 $1.0M$975K
-6.0%
3 $1.3M$1.4M
+11.5%
4 $1.6M$1.6M
+4.3%
5+ $2.2M$2.0M
-6.3%

Summary: 93111 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.3%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 6.3%.

Median Sold Price Compared To Nearby Zip Codes

93111
+11.8%
93117
+7.8%
93105
+3.5%
93110
-13.0%

Housing Supply in 93111, CA

How many homes are available in 93111, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2846+64.3%

Summary: The 93111 real estate market had 46 homes for sale in September 2024, a 64.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 25
+150.0%
3 915
+66.7%
4 1220
+66.7%
5+ 56
+20.0%

Summary: The 93111 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
314+366.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93111, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 93111 in September 2024, up by 366.7% month-over-month. Of the 14 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.

Days on Market for 93111, CA

How long does it take to sell a home in 93111, CA?

Average Sale Time

Sep 2023Sep 2024CHANGE
19 Days13 Days-28.0%

Summary: Homes in 93111 had an average of 13 days on market in Sep 2024, down by 28% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93111 are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 14 homes were sold in 93111; 93% of homes were sold within 30 days, 7% 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 Sep 1, 2024

Newest Listings in 93111, CA

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