Is 93702, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93702 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 93702 has remained a Seller's Market.

Key Takeaway

93702 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 93702, CA

How much do homes in 93702, CA cost?

Median Sold Price

$277,675

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$19,175(+7.4%)

Key Takeaway

Homes in 93702 have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in 93702 was $277,675 in October 2024, up 7.4% from last year, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $124K$141.1K
+13.8%
2 $234.1K$235K
0.4%
3 $270K$285K
+5.6%
4 $312.5K$325K
+4.0%
5+ $389K$435K
+11.8%

Summary: 93702 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.8%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 11.8%.

Median Sold Price Compared To Nearby Zip Codes

93702
+7.4%
93703
+6.8%
93727
-0.8%
93701
-1.6%

Housing Supply in 93702, CA

How many homes are available in 93702, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7387+19.2%

Summary: The 93702 real estate market had 87 homes for sale in October 2024, a 19.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1718
+5.9%
3 3746
+24.3%
4 811
+37.5%
5+ 910
+11.1%

Summary: The 93702 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 increased by 5.9%, 3 bedroom homes increased by 24.3%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1116+45.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93702, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 93702 in October 2024, up by 45.5% month-over-month. Of the 16 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.

Days on Market for 93702, CA

How long does it take to sell a home in 93702, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
11 Days33 Days+192.4%

Summary: Homes in 93702 had an average of 33 days on market in Oct 2024, up by 192.4% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93702 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 16 homes were sold in 93702; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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 20 Days Ago

Newest Listings in 93702, CA

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