Is 93451, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93451 is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 93451 was a Seller's Market.

Key Takeaway

93451 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 93451, CA

How much do homes in 93451, CA cost?

Median Sold Price

$599,000

$395/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$24,000(+4.2%)

Key Takeaway

Homes in 93451 have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in 93451 was $599,000 in December 2024, up 4.2% from last year, and the median price per square foot was $395.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $480K$477K
-0.6%
3 $532.5K$550K
+3.3%
4 $822.5K$617K
-25.0%
5+ $4.5M$1.3M
-71.6%

Summary: 93451 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 71.6%.

Median Sold Price Compared To Nearby Zip Codes

93210
+10.2%
93446
+8.7%
93451
+4.2%

Housing Supply in 93451, CA

How many homes are available in 93451, CA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1413-7.1%

Summary: The 93451 real estate market had 13 homes for sale in December 2024, a 7.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 11
0.0%
3 56
+20.0%
4 43
-25.0%
5+ 32
-33.3%

Summary: The 93451 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 increased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was 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 93451, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 93451 in December 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 93451, CA

How long does it take to sell a home in 93451, CA?

Average Sale Time

Dec 2023Dec 2024CHANGE
40 Days41 Days+2.9%

Summary: Homes in 93451 had an average of 41 days on market in Dec 2024, up by 2.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93451 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in 93451; 50% of homes were sold within 30 days, 50% 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 2 Days Ago

Newest Listings in 93451, CA

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