Is 93905, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93905 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 93905 has remained a Seller's Market.

Key Takeaway

93905 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 93905, CA

How much do homes in 93905, CA cost?

Median Sold Price

$590,000

$403/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$118,000(-16.7%)

Key Takeaway

Homes in 93905 have sold for 16.7% less than they did a month ago.

Summary: The median home sold price in 93905 was $590,000 in November 2024, down 16.7% from last month, and the median price per square foot was $403.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$350K
N/A
2 $368K$640K
+73.9%
3 $745K$525K
-29.5%
4 $757.5K$645K
-14.9%
5+ -$835K
N/A

Summary: 93905 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 73.9%, 3 bedroom homes decreased by 29.5%, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes did not change.

Housing Supply in 93905, CA

How many homes are available in 93905, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
25250.0%

Summary: The 93905 real estate market had 25 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 35
+66.7%
3 1210
-16.7%
4 77
0.0%
5+ 22
0.0%

Summary: The 93905 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 increased by 66.7%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
710+42.9%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93905, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 93905 in November 2024, up by 42.9% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 93905, CA

How long does it take to sell a home in 93905, CA?

Average Sale Time

Oct 2024Nov 2024CHANGE
20 Days36 Days+80.6%

Summary: Homes in 93905 had an average of 36 days on market in Nov 2024, up by 80.6% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93905 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in 93905; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% 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

Newest Listings in 93905, CA

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