Is 93314, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93314 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 93314 was a Seller's Market.

Key Takeaway

93314 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 93314, CA

How much do homes in 93314, CA cost?

Median Sold Price

$650,000

$269/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$5,000(-0.8%)

Key Takeaway

Homes in 93314 have sold for 0.8% less than they did a month ago.

Summary: The median home sold price in 93314 was $650,000 in October 2024, down 0.8% from last month, and the median price per square foot was $269.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $655K-
N/A
3 -$652.5K
N/A
4 $655K$577.5K
-11.8%
5+ -$1.4M
N/A

Summary: 93314 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

93311
+9.9%
93314
-0.8%

Housing Supply in 93314, CA

How many homes are available in 93314, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2831+10.7%

Summary: The 93314 real estate market had 31 homes for sale in October 2024, a 10.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 58
+60.0%
4 1514
-6.7%
5+ 57
+40.0%

Summary: The 93314 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 60%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

4 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 93314, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 93314 in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for 93314, CA

How long does it take to sell a home in 93314, CA?

Average Sale Time

Sep 2024Oct 2024CHANGE
28 Days53 Days+83.8%

Summary: Homes in 93314 had an average of 53 days on market in Oct 2024, up by 83.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 93314 has remained consistent over time.

Summary: During October 2024, 5 homes were sold in 93314; 20% of homes were sold within 30 days, 60% 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 23 Days Ago

Newest Listings in 93314, CA

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