Is 96003, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 96003 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 96003 has remained a Seller's Market.

Key Takeaway

96003 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 96003, CA

How much do homes in 96003, CA cost?

Median Sold Price

$399,799

$249/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$200(-0.1%)

Key Takeaway

The sold price of homes in 96003 has remained the same since last year.

Summary: The median home sold price in 96003 was $399,799 in November 2024, down 0.1% from last year, and the median price per square foot was $249.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $242.5K$194.9K
-19.6%
2 $285K$270K
-5.3%
3 $399.3K$395K
-1.1%
4 $489K$502K
+2.7%
5+ $640K$658.5K
+2.9%

Summary: 96003 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.6%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 2.9%.

Median Sold Price Compared To Nearby Zip Codes

96019
+5.2%
96073
+1.3%
96003
-0.1%

Housing Supply in 96003, CA

How many homes are available in 96003, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
187164-12.3%

Summary: The 96003 real estate market had 164 homes for sale in November 2024, a 12.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 2522
-12.0%
3 10484
-19.2%
4 4948
-2.0%
5+ 89
+12.5%

Summary: The 96003 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 decreased by 12%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5533-40.0%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 96003, you may be able to get a good deal. 48.5% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in 96003 in November 2024, down by 40.0% month-over-month. Of the 33 sold homes, 48% were sold under asking, 33% were sold at asking, and 18% were sold over asking.

Days on Market for 96003, CA

How long does it take to sell a home in 96003, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
82 Days76 Days-7.2%

Summary: Homes in 96003 had an average of 76 days on market in Nov 2024, down by 7.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 96003 has remained consistent over time.

Summary: During November 2024, 33 homes were sold in 96003; 9% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 33% 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 2 Days Ago

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