Is 93955, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93955 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 93955 has remained a Seller's Market.

Key Takeaway

93955 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 93955, CA

How much do homes in 93955, CA cost?

Median Sold Price

$835,287

$620/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$102,787(+14.0%)

Key Takeaway

Homes in 93955 have sold for 14% more than they did a year ago.

Summary: The median home sold price in 93955 was $835,287 in October 2024, up 14% from last year, and the median price per square foot was $620.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $537.5K$629K
+17.0%
2 $648.5K$670K
+3.3%
3 $759K$832.5K
+9.7%
4 $1.0M$1.0M
0.5%
5+ $900K$1.3M
+50.0%

Summary: 93955 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 50%.

Median Sold Price Compared To Nearby Zip Codes

93955
+14.0%
93933
+13.4%
93940
0.2%
93908
0.0%

Housing Supply in 93955, CA

How many homes are available in 93955, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6268+9.7%

Summary: The 93955 real estate market had 68 homes for sale in October 2024, a 9.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 1316
+23.1%
3 3235
+9.4%
4 1111
0.0%
5+ 33
0.0%

Summary: The 93955 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 23.1%, 3 bedroom homes increased by 9.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1016+60.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93955, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 93955 in October 2024, up by 60.0% month-over-month. Of the 15 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% were sold over asking.

Days on Market for 93955, CA

How long does it take to sell a home in 93955, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days43 Days+9.2%

Summary: Homes in 93955 had an average of 43 days on market in Oct 2024, up by 9.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93955 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 16 homes were sold in 93955; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 13% 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

Newest Listings in 93955, CA

Nearby Markets to 93955, CA