Is 96055, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 96055 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 96055 has remained a Seller's Market.

Key Takeaway

96055 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 96055, CA

How much do homes in 96055, CA cost?

Median Sold Price

$440,000

$249/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$106,000(+31.7%)

Key Takeaway

Homes in 96055 have sold for 31.7% more than they did a year ago.

Summary: The median home sold price in 96055 was $440,000 in November 2024, up 31.7% from last year, and the median price per square foot was $249.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $80K$181.5K
+126.9%
2 $215K$268K
+24.7%
3 $347K$432.5K
+24.6%
4 $617K$587K
-4.9%
5+ -$575K
N/A

Summary: 96055 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 126.9%, 2 bedroom homes increased by 24.7%, 3 bedroom homes increased by 24.6%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

96055
+31.7%
95973
+8.7%

Housing Supply in 96055, CA

How many homes are available in 96055, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
54-20.0%

Summary: The 96055 real estate market had 4 homes for sale in November 2024, a 20.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 54
-20.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 96055 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 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 96055, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 96055 in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 96055, CA

How long does it take to sell a home in 96055, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
40 Days26 Days-35.8%

Summary: Homes in 96055 had an average of 26 days on market in Nov 2024, down by 35.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 96055 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 96055; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 96055, CA

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