Is 96051, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 96051 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 96051 has remained a Seller's Market.

Key Takeaway

96051 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 96051, CA

How much do homes in 96051, CA cost?

Median Sold Price

$325,000

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$36,300(+12.6%)

Key Takeaway

Homes in 96051 have sold for 12.6% more than they did a year ago.

Summary: The median home sold price in 96051 was $325,000 in October 2024, up 12.6% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $197.5K$210K
+6.3%
2 $256.7K$220K
-14.3%
3 $301K$340K
+13.0%
4 $570K$417K
-26.8%
5+ --
N/A

Summary: 96051 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 26.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

96051
+12.6%
96019
+5.2%
96003
0.0%

Housing Supply in 96051, CA

How many homes are available in 96051, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1714-17.6%

Summary: The 96051 real estate market had 14 homes for sale in October 2024, a 17.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 21
-50.0%
3 119
-18.2%
4 22
0.0%
5+ 11
0.0%

Summary: The 96051 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 50%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
440.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 96051, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 96051 in October 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for 96051, CA

How long does it take to sell a home in 96051, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
79 Days138 Days+73.2%

Summary: Homes in 96051 had an average of 138 days on market in Oct 2024, up by 73.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 96051 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 4 homes were sold in 96051; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% 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 21 Days Ago

Newest Listings in 96051, CA

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