Is 93304, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93304 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 93304 has remained a Seller's Market.

Key Takeaway

93304 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 93304, CA

How much do homes in 93304, CA cost?

Median Sold Price

$330,000

$223/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$29,000(+9.6%)

Key Takeaway

Homes in 93304 have sold for 9.6% more than they did a month ago.

Summary: The median home sold price in 93304 was $330,000 in November 2024, up 9.6% from last month, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $299.9K$216.5K
-27.8%
3 $300K$328K
+9.3%
4 $329K$340K
+3.3%
5+ $365K$569K
+55.9%

Summary: 93304 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 27.8%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 55.9%.

Housing Supply in 93304, CA

How many homes are available in 93304, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3327-18.2%

Summary: The 93304 real estate market had 27 homes for sale in November 2024, a 18.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 86
-25.0%
3 1513
-13.3%
4 65
-16.7%
5+ 43
-25.0%

Summary: The 93304 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 25%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
611+83.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93304, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 93304 in November 2024, up by 83.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.

Days on Market for 93304, CA

How long does it take to sell a home in 93304, CA?

Average Sale Time

Oct 2024Nov 2024CHANGE
25 Days67 Days+160.4%

Summary: Homes in 93304 had an average of 67 days on market in Nov 2024, up by 160.4% compared to last month.

Breakdown of Home Sale Times

5 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 93304 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in 93304; 45% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 36% 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

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