Is 93405, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93405 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 93405 was a Neutral Market.

Key Takeaway

93405 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 93405, CA

How much do homes in 93405, CA cost?

Median Sold Price

$994,000

$613/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$44,000(+4.6%)

Key Takeaway

Homes in 93405 have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in 93405 was $994,000 in October 2024, up 4.6% from last year, and the median price per square foot was $613.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $424.9K-
N/A
2 $624.5K$721K
+15.5%
3 $946K$946.5K
0.1%
4 $1.3M$1.0M
-20.2%
5+ $1.5M$1.4M
-10.7%

Summary: 93405 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 20.2%, and 5+ bedroom homes decreased by 10.7%.

Median Sold Price Compared To Nearby Zip Codes

93401
+12.8%
93405
+4.6%
93442
+4.4%
93402
+1.5%

Housing Supply in 93405, CA

How many homes are available in 93405, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5154+5.9%

Summary: The 93405 real estate market had 54 homes for sale in October 2024, a 5.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 117
-36.4%
3 2430
+25.0%
4 1212
0.0%
5+ 45
+25.0%

Summary: The 93405 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 36.4%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1014+40.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93405, 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 93405 in October 2024, up by 40.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 7% were sold at asking, and 43% were sold over asking.

Days on Market for 93405, CA

How long does it take to sell a home in 93405, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
6 Days27 Days+306.2%

Summary: Homes in 93405 had an average of 27 days on market in Oct 2024, up by 306.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93405 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 14 homes were sold in 93405; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% 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 13 Days Ago

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