Is 96007, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 96007 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 96007 has remained a Seller's Market.

Key Takeaway

96007 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 96007, CA

How much do homes in 96007, CA cost?

Median Sold Price

$323,950

$241/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$1,050(-0.3%)

Key Takeaway

The sold price of homes in 96007 has remained the same since last year.

Summary: The median home sold price in 96007 was $323,950 in October 2024, down 0.3% from last year, and the median price per square foot was $241.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $115K$172K
+49.6%
2 $225K$262.5K
+16.7%
3 $325K$323K
-0.6%
4 $440K$470K
+6.8%
5+ $581.2K$465K
-20.0%

Summary: 96007 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.6%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 20%.

Median Sold Price Compared To Nearby Zip Codes

96002
+1.1%
96007
-0.3%
96022
-2.7%

Housing Supply in 96007, CA

How many homes are available in 96007, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
105106+1.0%

Summary: The 96007 real estate market had 106 homes for sale in October 2024, a 1.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1414
0.0%
3 6969
0.0%
4 1717
0.0%
5+ 56
+20.0%

Summary: The 96007 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2119-9.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 96007, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 96007 in October 2024, down by 9.5% month-over-month. Of the 19 sold homes, 42% were sold under asking, 16% were sold at asking, and 42% were sold over asking.

Days on Market for 96007, CA

How long does it take to sell a home in 96007, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
63 Days57 Days-9.0%

Summary: Homes in 96007 had an average of 57 days on market in Oct 2024, down by 9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 96007 has remained consistent over time.

Summary: During October 2024, 19 homes were sold in 96007; 21% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 26% 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 96007, CA

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