Is 93551, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93551 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 93551 has remained a Seller's Market.

Key Takeaway

93551 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 93551, CA

How much do homes in 93551, CA cost?

Median Sold Price

$590,000

$263/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,000(+4.8%)

Key Takeaway

Homes in 93551 have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in 93551 was $590,000 in October 2024, up 4.8% from last year, and the median price per square foot was $263.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $392.5K$420K
+7.0%
3 $510K$529K
+3.7%
4 $565K$599K
+6.0%
5+ $645K$681.5K
+5.7%

Summary: 93551 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 increased by 7%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 5.7%.

Median Sold Price Compared To Nearby Zip Codes

93534
+5.9%
93550
+5.1%
93551
+4.8%
91390
-0.4%
93510
-2.4%

Housing Supply in 93551, CA

How many homes are available in 93551, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
223232+4.0%

Summary: The 93551 real estate market had 232 homes for sale in October 2024, a 4.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 76
-14.3%
3 5251
-1.9%
4 117125
+6.8%
5+ 4649
+6.5%

Summary: The 93551 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 14.3%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 6.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3342+27.3%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93551, you could pay more than the asking price. 40.5% of homes here sold above asking price last month.

Summary: A total of 42 homes were sold or pending in 93551 in October 2024, up by 27.3% month-over-month. Of the 42 sold homes, 33% were sold under asking, 26% were sold at asking, and 40% were sold over asking.

Days on Market for 93551, CA

How long does it take to sell a home in 93551, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days43 Days+16.3%

Summary: Homes in 93551 had an average of 43 days on market in Oct 2024, up by 16.3% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93551 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 42 homes were sold in 93551; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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 20 Days Ago

Newest Listings in 93551, CA

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