Is 93614, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93614 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 93614 has remained a Buyer's Market.

Key Takeaway

93614 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 93614, CA

How much do homes in 93614, CA cost?

Median Sold Price

$412,000

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$2,000(+0.5%)

Key Takeaway

The sold price of homes in 93614 has remained the same since last year.

Summary: The median home sold price in 93614 was $412,000 in October 2024, up 0.5% from last year, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $299.9K-
N/A
2 $324.2K$300K
-7.5%
3 $410K$389K
-5.1%
4 $422.5K$515K
+21.9%
5+ $585K$567.4K
-3.0%

Summary: 93614 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 7.5%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes decreased by 3%.

Median Sold Price Compared To Nearby Zip Codes

93636
+4.0%
93626
+2.1%
93614
0.5%
93653
-7.0%

Housing Supply in 93614, CA

How many homes are available in 93614, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
106124+17.0%

Summary: The 93614 real estate market had 124 homes for sale in October 2024, a 17.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 45
+25.0%
3 6373
+15.9%
4 2832
+14.3%
5+ 1012
+20.0%

Summary: The 93614 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 increased by 25%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
158-46.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93614, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 93614 in October 2024, down by 46.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for 93614, CA

How long does it take to sell a home in 93614, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days48 Days+16.0%

Summary: Homes in 93614 had an average of 48 days on market in Oct 2024, up by 16% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93614 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in 93614; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 21 Days Ago

Newest Listings in 93614, CA

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