Is 95023, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 95023 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 95023 has remained a Seller's Market.

Key Takeaway

95023 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 95023, CA

How much do homes in 95023, CA cost?

Median Sold Price

$765,000

$405/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,000(+4.1%)

Key Takeaway

Homes in 95023 have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in 95023 was $765,000 in October 2024, up 4.1% from last year, and the median price per square foot was $405.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$499K
N/A
2 $590K$604K
+2.4%
3 $683.2K$710K
+3.9%
4 $824K$845.9K
+2.7%
5+ $825K$872.3K
+5.7%

Summary: 95023 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 5.7%.

Median Sold Price Compared To Nearby Zip Codes

95020
+5.6%
95023
+4.1%
95045
-0.2%

Housing Supply in 95023, CA

How many homes are available in 95023, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
155156+0.6%

Summary: The 95023 real estate market had 156 homes for sale in October 2024, a 0.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 1117
+54.5%
3 5755
-3.5%
4 7269
-4.2%
5+ 1111
0.0%

Summary: The 95023 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 54.5%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3836-5.3%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 95023, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in 95023 in October 2024, down by 5.3% month-over-month. Of the 35 sold homes, 57% were sold under asking, 11% were sold at asking, and 31% were sold over asking.

Days on Market for 95023, CA

How long does it take to sell a home in 95023, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
44 Days39 Days-11.7%

Summary: Homes in 95023 had an average of 39 days on market in Oct 2024, down by 11.7% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 95023 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 36 homes were sold in 95023; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 8% 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 14 Days Ago

Newest Listings in 95023, CA

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