Is 93455, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93455 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 93455 has remained a Seller's Market.

Key Takeaway

93455 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 93455, CA

How much do homes in 93455, CA cost?

Median Sold Price

$699,000

$388/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$47,000(+7.2%)

Key Takeaway

Homes in 93455 have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in 93455 was $699,000 in November 2024, up 7.2% from last year, and the median price per square foot was $388.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $295K$315K
+6.8%
2 $455K$500K
+9.9%
3 $642.5K$680K
+5.8%
4 $747.5K$758K
+1.4%
5+ $780.3K$800K
+2.5%

Summary: 93455 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 2.5%.

Housing Supply in 93455, CA

How many homes are available in 93455, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9484-10.6%

Summary: The 93455 real estate market had 84 homes for sale in November 2024, a 10.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 1310
-23.1%
3 4240
-4.8%
4 2924
-17.2%
5+ 88
0.0%

Summary: The 93455 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 23.1%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3220-37.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93455, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 93455 in November 2024, down by 37.5% month-over-month. Of the 20 sold homes, 50% were sold under asking, 35% were sold at asking, and 15% were sold over asking.

Days on Market for 93455, CA

How long does it take to sell a home in 93455, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days21 Days-22.3%

Summary: Homes in 93455 had an average of 21 days on market in Nov 2024, down by 22.3% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93455 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 20 homes were sold in 93455; 75% of homes were sold within 30 days, 25% 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 17 Days Ago

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