Is 93501, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93501 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 93501 has remained a Seller's Market.

Key Takeaway

93501 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 93501, CA

How much do homes in 93501, CA cost?

Median Sold Price

$262,500

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$34,025(+14.9%)

Key Takeaway

Homes in 93501 have sold for 14.9% more than they did a year ago.

Summary: The median home sold price in 93501 was $262,500 in October 2024, up 14.9% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $165K-
N/A
2 $227K$177.5K
-21.8%
3 $225K$245K
+8.9%
4 $440K$279.9K
-36.4%
5+ $275K$344.6K
+25.3%

Summary: 93501 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 decreased by 21.8%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes increased by 25.3%.

Median Sold Price Compared To Nearby Zip Codes

93501
+14.9%
93560
+11.8%
93505
+4.4%
93561
+1.4%

Housing Supply in 93501, CA

How many homes are available in 93501, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
89+12.5%

Summary: The 93501 real estate market had 9 homes for sale in October 2024, a 12.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 66
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The 93501 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

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 93501, 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 93501 in October 2024, up by 100.0% month-over-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 93501, CA

How long does it take to sell a home in 93501, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
79 Days17 Days-78.5%

Summary: Homes in 93501 had an average of 17 days on market in Oct 2024, down by 78.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93501 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 93501; 100% of homes were sold within 30 days, 0% 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 13 Days Ago

Newest Listings in 93501, CA

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