Is 96022, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 96022 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 96022 has remained a Seller's Market.

Key Takeaway

96022 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 96022, CA

How much do homes in 96022, CA cost?

Median Sold Price

$360,000

$233/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$9,949(-2.7%)

Key Takeaway

Homes in 96022 have sold for 2.7% less than they did a year ago.

Summary: The median home sold price in 96022 was $360,000 in October 2024, down 2.7% from last year, and the median price per square foot was $233.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $331.5K-
N/A
2 $251K$277K
+10.4%
3 $369K$355K
-3.8%
4 $452K$465K
+2.9%
5+ $582.2K$410K
-29.6%

Summary: 96022 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 10.4%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 29.6%.

Median Sold Price Compared To Nearby Zip Codes

96007
-0.3%
96022
-2.7%
96080
-4.8%

Housing Supply in 96022, CA

How many homes are available in 96022, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
95102+7.4%

Summary: The 96022 real estate market had 102 homes for sale in October 2024, a 7.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 7174
+4.2%
4 1316
+23.1%
5+ 55
0.0%

Summary: The 96022 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 16.7%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1318+38.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 96022, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 96022 in October 2024, up by 38.5% month-over-month. Of the 18 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.

Days on Market for 96022, CA

How long does it take to sell a home in 96022, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
102 Days78 Days-23.8%

Summary: Homes in 96022 had an average of 78 days on market in Oct 2024, down by 23.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

12 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 96022 has remained consistent over time.

Summary: During October 2024, 18 homes were sold in 96022; 6% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 28% 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 96022, CA

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