$19,000
0.86 Acres
Land
DEANNA VELA, Listing Office: REAL ESTATE MASTERS GROUP
Is 93561, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 93561 was a Seller's Market.
Key Takeaway
93561 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 93561, CA
How much do homes in 93561, CA cost?
Median Sold Price
$426,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,000(+1.4%)
Key Takeaway
Homes in 93561 have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in 93561 was $426,000 in October 2024, up 1.4% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $302.5K | $320K | +5.8% |
| 3 Bedrooms | $400K | $405K | +1.3% |
| 4 Bedrooms | $500K | $501K | 0.2% |
| 5+ Bedrooms | $395K | $1.5M | +279.7% |
Summary: 93561 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 5.8%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 279.7%.
Median Sold Price Compared To Nearby Zip Codes
| 93501 | $228.4K | $262.5K | +14.9% |
| 93561 | $420K | $426K | +1.4% |
Housing Supply in 93561, CA
How many homes are available in 93561, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 | 68 | +17.2% |
Summary: The 93561 real estate market had 68 homes for sale in October 2024, a 17.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 37 | 43 | +16.2% |
| 4 Bedrooms | 13 | 17 | +30.8% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 93561 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 93561, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 93561 in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for 93561, CA
How long does it take to sell a home in 93561, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 64 Days | 45 Days | -29.1% |
Summary: Homes in 93561 had an average of 45 days on market in Oct 2024, down by 29.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 93561 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 93561; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.