Is 93618, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93618 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 93618 has remained a Seller's Market.

Key Takeaway

93618 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 93618, CA

How much do homes in 93618, CA cost?

Median Sold Price

$339,000

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$4,000(+1.2%)

Key Takeaway

Homes in 93618 have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in 93618 was $339,000 in December 2024, up 1.2% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $140.1K-
N/A
2 $248.9K$239K
-4.0%
3 $306.5K$330K
+7.7%
4 $370K$400K
+8.1%
5+ $470K$675K
+43.6%

Summary: 93618 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 43.6%.

Median Sold Price Compared To Nearby Zip Codes

93631
+5.2%
93618
+1.2%

Housing Supply in 93618, CA

How many homes are available in 93618, CA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2018-10.0%

Summary: The 93618 real estate market had 18 homes for sale in December 2024, a 10.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1212
0.0%
4 20
-100.0%
5+ 33
0.0%

Summary: The 93618 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
550.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93618, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in 93618 in December 2024, the same as the previous month. Of the 5 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 93618, CA

How long does it take to sell a home in 93618, CA?

Average Sale Time

Dec 2023Dec 2024CHANGE
25 Days29 Days+14.5%

Summary: Homes in 93618 had an average of 29 days on market in Dec 2024, up by 14.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93618 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 5 homes were sold in 93618; 60% of homes were sold within 30 days, 40% 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 4 Days Ago

Newest Listings in 93618, CA

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