Is 93516, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93516 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 93516 was a Seller's Market.

Key Takeaway

93516 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 93516, CA

How much do homes in 93516, CA cost?

Median Sold Price

$180,000

$250/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$82,000(-31.3%)

Key Takeaway

Homes in 93516 have sold for 31.3% less than they did a month ago.

Summary: The median home sold price in 93516 was $180,000 in October 2024, down 31.3% from last month, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$180K
N/A
3 --
N/A
4 $262K-
N/A
5+ --
N/A

Summary: 93516 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 93516, CA

How many homes are available in 93516, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
79+28.6%

Summary: The 93516 real estate market had 9 homes for sale in October 2024, a 28.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 26
+200.0%
4 42
-50.0%
5+ 00
0.0%

Summary: The 93516 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 remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93516, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 93516 in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 93516, CA

How long does it take to sell a home in 93516, CA?

Average Sale Time

Sep 2024Oct 2024CHANGE
82 Days37 Days-54.9%

Summary: Homes in 93516 had an average of 37 days on market in Oct 2024, down by 54.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were 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

Avg time on Rocket Homes in 93516 has remained consistent over time.

Summary: During October 2024, 1 homes were sold in 93516; 0% of homes were sold within 30 days, 100% 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 16 Days Ago

Newest Listings in 93516, CA

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