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 December 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

$1,599,000

$918/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$199,000(+14.2%)

Key Takeaway

Homes in 93111 have sold for 14.2% more than they did a year ago.

Summary: The median home sold price in 93111 was $1,599,000 in December 2024, up 14.2% from last year, and the median price per square foot was $918.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $705K$659K
-6.5%
2 $1.0M$968.5K
-5.0%
3 $1.3M$1.5M
+19.0%
4 $1.7M$1.6M
-1.7%
5+ $2.3M$2.1M
-8.2%

Summary: 93111 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.5%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 8.2%.

Median Sold Price Compared To Nearby Zip Codes

93111
+14.2%
93105
+7.6%
93110
-33.2%

Housing Supply in 93111, CA

How many homes are available in 93111, CA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3125-19.4%

Summary: The 93111 real estate market had 25 homes for sale in December 2024, a 19.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 33
0.0%
3 129
-25.0%
4 119
-18.2%
5+ 43
-25.0%

Summary: The 93111 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
119-18.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was 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. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 93111 in December 2024, down by 18.2% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% 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

Dec 2023Dec 2024CHANGE
25 Days14 Days-42.8%

Summary: Homes in 93111 had an average of 14 days on market in Dec 2024, down by 42.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were 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 December 2024, 9 homes were sold in 93111; 78% of homes were sold within 30 days, 22% 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 6 Days Ago

Newest Listings in 93111, CA

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