Is 93701, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93701 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 93701 was a Neutral Market.

Key Takeaway

93701 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 93701, CA

How much do homes in 93701, CA cost?

Median Sold Price

$257,500

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$4,200(-1.6%)

Key Takeaway

Homes in 93701 have sold for 1.6% less than they did a year ago.

Summary: The median home sold price in 93701 was $257,500 in October 2024, down 1.6% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $169.4K$120K
-29.2%
2 $220K$217.5K
-1.1%
3 $250K$239K
-4.4%
4 $312K$305K
-2.2%
5+ $487.5K$500K
+2.6%

Summary: 93701 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.2%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Zip Codes

93728
+7.5%
93702
+7.4%
93703
+6.8%
93701
-1.6%

Housing Supply in 93701, CA

How many homes are available in 93701, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3029-3.3%

Summary: The 93701 real estate market had 29 homes for sale in October 2024, a 3.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 52
-60.0%
3 99
0.0%
4 55
0.0%
5+ 1012
+20.0%

Summary: The 93701 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 60%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
660.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93701, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 93701 in October 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 93701, CA

How long does it take to sell a home in 93701, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days31 Days-31.4%

Summary: Homes in 93701 had an average of 31 days on market in Oct 2024, down by 31.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93701 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in 93701; 50% of homes were sold within 30 days, 50% 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 23 Days Ago

Newest Listings in 93701, CA

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