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 4 Days Ago

Newest Listings in 96051, CA

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