Is 93637, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93637 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 93637 has remained a Seller's Market.

Key Takeaway

93637 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 93637, CA

How much do homes in 93637, CA cost?

Median Sold Price

$400,000

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$13,230(+3.4%)

Key Takeaway

Homes in 93637 have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in 93637 was $400,000 in November 2024, up 3.4% from last year, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$190K
N/A
2 $254K$272.5K
+7.3%
3 $361.2K$391K
+8.2%
4 $411.5K$430K
+4.5%
5+ $460K$478.6K
+4.1%

Summary: 93637 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 4.1%.

Median Sold Price Compared To Nearby Zip Codes

93638
+5.9%
93637
+3.4%
93610
-3.1%

Housing Supply in 93637, CA

How many homes are available in 93637, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6759-11.9%

Summary: The 93637 real estate market had 59 homes for sale in November 2024, a 11.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 77
0.0%
3 3430
-11.8%
4 2219
-13.6%
5+ 43
-25.0%

Summary: The 93637 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2412-50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93637, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in 93637 in November 2024, down by 50.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 33% were sold at asking, and 42% were sold over asking.

Days on Market for 93637, CA

How long does it take to sell a home in 93637, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days48 Days+163.5%

Summary: Homes in 93637 had an average of 48 days on market in Nov 2024, up by 163.5% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93637 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 12 homes were sold in 93637; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% 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 93637, CA

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