Is 93449, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93449 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 93449 was a Seller's Market.

Key Takeaway

93449 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 93449, CA

How much do homes in 93449, CA cost?

Median Sold Price

$1,397,000

$753/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$247,000(+21.5%)

Key Takeaway

Homes in 93449 have sold for 21.5% more than they did a year ago.

Summary: The median home sold price in 93449 was $1,397,000 in October 2024, up 21.5% from last year, and the median price per square foot was $753.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $640K$650K
+1.6%
2 $936K$945.2K
+1.0%
3 $1.2M$1.5M
+28.2%
4 $1.5M$1.7M
+14.8%
5+ $1.5M$2.1M
+42.0%

Summary: 93449 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 28.2%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 42%.

Median Sold Price Compared To Nearby Zip Codes

93449
+21.5%
93420
+13.2%
93401
+12.8%
93433
+4.8%
93405
+4.6%

Housing Supply in 93449, CA

How many homes are available in 93449, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4944-10.2%

Summary: The 93449 real estate market had 44 homes for sale in October 2024, a 10.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 138
-38.5%
3 2323
0.0%
4 810
+25.0%
5+ 31
-66.7%

Summary: The 93449 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 38.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
136-53.8%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93449, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 93449 in October 2024, down by 53.8% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for 93449, CA

How long does it take to sell a home in 93449, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days28 Days+2.1%

Summary: Homes in 93449 had an average of 28 days on market in Oct 2024, up by 2.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93449 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in 93449; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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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