Is 93704, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93704 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 93704 was a Seller's Market.

Key Takeaway

93704 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 93704, CA

How much do homes in 93704, CA cost?

Median Sold Price

$387,000

$247/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$16,000(+4.3%)

Key Takeaway

Homes in 93704 have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in 93704 was $387,000 in November 2024, up 4.3% from last year, and the median price per square foot was $247.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $202K$245K
+21.3%
2 $285K$302.5K
+6.1%
3 $378K$387K
+2.4%
4 $469K$485K
+3.4%
5+ $524K$640K
+22.1%

Summary: 93704 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.3%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 22.1%.

Median Sold Price Compared To Nearby Zip Codes

93710
+8.2%
93705
+5.0%
93704
+4.3%
93726
+1.5%

Housing Supply in 93704, CA

How many homes are available in 93704, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9293+1.1%

Summary: The 93704 real estate market had 93 homes for sale in November 2024, a 1.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2722
-18.5%
3 4142
+2.4%
4 1821
+16.7%
5+ 68
+33.3%

Summary: The 93704 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 decreased by 18.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2312-47.8%

Asking Price vs. Sold Price

9 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 93704, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 93704 in November 2024, down by 47.8% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.

Days on Market for 93704, CA

How long does it take to sell a home in 93704, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days24 Days-13.2%

Summary: Homes in 93704 had an average of 24 days on market in Nov 2024, down by 13.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93704 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 12 homes were sold in 93704; 67% of homes were sold within 30 days, 33% 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 21 Days Ago

Newest Listings in 93704, CA

Nearby Markets to 93704, CA