Is 96001, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 96001 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 96001 was a Seller's Market.

Key Takeaway

96001 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 96001, CA

How much do homes in 96001, CA cost?

Median Sold Price

$395,000

$246/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,003(+1.3%)

Key Takeaway

Homes in 96001 have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in 96001 was $395,000 in October 2024, up 1.3% from last year, and the median price per square foot was $246.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $190.5K$167.5K
-12.1%
2 $276K$250K
-9.4%
3 $379.6K$395K
+4.0%
4 $468K$491K
+4.9%
5+ $660K$555K
-15.9%

Summary: 96001 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.1%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 15.9%.

Median Sold Price Compared To Nearby Zip Codes

96019
+5.2%
96001
+1.3%
96002
+1.1%

Housing Supply in 96001, CA

How many homes are available in 96001, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
162165+1.9%

Summary: The 96001 real estate market had 165 homes for sale in October 2024, a 1.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2114
-33.3%
3 9598
+3.2%
4 3639
+8.3%
5+ 1014
+40.0%

Summary: The 96001 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 decreased by 33.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3227-15.6%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 96001, you may be able to get a good deal. 51.9% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 96001 in October 2024, down by 15.6% month-over-month. Of the 27 sold homes, 52% were sold under asking, 33% were sold at asking, and 15% were sold over asking.

Days on Market for 96001, CA

How long does it take to sell a home in 96001, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
92 Days94 Days+2.4%

Summary: Homes in 96001 had an average of 94 days on market in Oct 2024, up by 2.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 96001 has remained consistent over time.

Summary: During October 2024, 27 homes were sold in 96001; 0% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 44% 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 96001, CA

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