Is 93907, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93907 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 93907 was a Seller's Market.

Key Takeaway

93907 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 93907, CA

How much do homes in 93907, CA cost?

Median Sold Price

$929,000

$500/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$119,000(+14.7%)

Key Takeaway

Homes in 93907 have sold for 14.7% more than they did a year ago.

Summary: The median home sold price in 93907 was $929,000 in November 2024, up 14.7% from last year, and the median price per square foot was $500.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $567K$615K
+8.5%
3 $805K$925K
+14.9%
4 $950K$950K
0.0%
5+ $969K$1.1M
+13.5%

Summary: 93907 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 14.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 13.5%.

Median Sold Price Compared To Nearby Zip Codes

93907
+14.7%
95004
+11.7%
93901
+5.6%
93906
+4.4%

Housing Supply in 93907, CA

How many homes are available in 93907, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3630-16.7%

Summary: The 93907 real estate market had 30 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 55
0.0%
3 2319
-17.4%
4 63
-50.0%
5+ 12
+100.0%

Summary: The 93907 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 remained the same, 3 bedroom homes decreased by 17.4%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
135-61.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93907, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in 93907 in November 2024, down by 61.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.

Days on Market for 93907, CA

How long does it take to sell a home in 93907, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
56 Days18 Days-66.9%

Summary: Homes in 93907 had an average of 18 days on market in Nov 2024, down by 66.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93907 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in 93907; 80% of homes were sold within 30 days, 20% 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 17 Days Ago

Newest Listings in 93907, CA

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