Is 93711, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93711 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 93711 has remained a Seller's Market.

Key Takeaway

93711 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 93711, CA

How much do homes in 93711, CA cost?

Median Sold Price

$513,000

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$18,000(+3.6%)

Key Takeaway

Homes in 93711 have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in 93711 was $513,000 in November 2024, up 3.6% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $217.5K$226.5K
+4.1%
2 $325.8K$342.5K
+5.1%
3 $464K$485K
+4.5%
4 $596K$625K
+4.9%
5+ $772.5K$1.1M
+48.9%

Summary: 93711 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 48.9%.

Median Sold Price Compared To Nearby Zip Codes

93650
+9.5%
93705
+5.0%
93704
+4.3%
93722
+3.9%
93711
+3.6%

Housing Supply in 93711, CA

How many homes are available in 93711, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
141148+5.0%

Summary: The 93711 real estate market had 148 homes for sale in November 2024, a 5.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 1827
+50.0%
3 6465
+1.6%
4 4844
-8.3%
5+ 1012
+20.0%

Summary: The 93711 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2738+40.7%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93711, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in 93711 in November 2024, up by 40.7% month-over-month. Of the 38 sold homes, 50% were sold under asking, 24% were sold at asking, and 26% were sold over asking.

Days on Market for 93711, CA

How long does it take to sell a home in 93711, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days32 Days+64.9%

Summary: Homes in 93711 had an average of 32 days on market in Nov 2024, up by 64.9% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93711 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 38 homes were sold in 93711; 61% of homes were sold within 30 days, 32% 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 17 Days Ago

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