Is 93924, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93924 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 93924 was a Seller's Market.

Key Takeaway

93924 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 93924, CA

How much do homes in 93924, CA cost?

Median Sold Price

$1,475,000

$763/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$175,000(-10.6%)

Key Takeaway

Homes in 93924 have sold for 10.6% less than they did a year ago.

Summary: The median home sold price in 93924 was $1,475,000 in October 2024, down 10.6% from last year, and the median price per square foot was $763.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $775K$720K
-7.1%
2 $1.1M$1.1M
-3.0%
3 $1.4M$1.3M
-4.6%
4 $2.0M$2.1M
+7.8%
5+ $3.0M$3.0M
-0.8%

Summary: 93924 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.1%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 0.8%.

Median Sold Price Compared To Nearby Zip Codes

93923
+9.4%
93940
0.2%
93908
0.0%
93924
-10.6%

Housing Supply in 93924, CA

How many homes are available in 93924, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4553+17.8%

Summary: The 93924 real estate market had 53 homes for sale in October 2024, a 17.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1114
+27.3%
3 2023
+15.0%
4 1112
+9.1%
5+ 34
+33.3%

Summary: The 93924 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
04+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93924, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 93924 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 93924, CA

How long does it take to sell a home in 93924, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
78 Days26 Days-65.9%

Summary: Homes in 93924 had an average of 26 days on market in Oct 2024, down by 65.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93924 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 93924; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 16 Days Ago

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