Is 93723, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93723 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 93723 has remained a Seller's Market.

Key Takeaway

93723 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 93723, CA

How much do homes in 93723, CA cost?

Median Sold Price

$485,000

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$4,602(+1.0%)

Key Takeaway

Homes in 93723 have sold for 1% more than they did a year ago.

Summary: The median home sold price in 93723 was $485,000 in December 2024, up 1% from last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $361.2K$378.2K
+4.7%
3 $449.5K$439.7K
-2.2%
4 $525K$505K
-3.8%
5+ $640K$600K
-6.3%

Summary: 93723 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.7%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 6.3%.

Median Sold Price Compared To Nearby Zip Codes

93722
+3.9%
93706
+3.7%
93723
+1.0%
93630
-4.5%

Housing Supply in 93723, CA

How many homes are available in 93723, CA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
34340.0%

Summary: The 93723 real estate market had 34 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 811
+37.5%
4 1916
-15.8%
5+ 76
-14.3%

Summary: The 93723 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 37.5%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
811+37.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93723, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in 93723 in December 2024, up by 37.5% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.

Days on Market for 93723, CA

How long does it take to sell a home in 93723, CA?

Average Sale Time

Dec 2023Dec 2024CHANGE
34 Days50 Days+48.7%

Summary: Homes in 93723 had an average of 50 days on market in Dec 2024, up by 48.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93723 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 11 homes were sold in 93723; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% 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 4 Days Ago

Newest Listings in 93723, CA

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