Is 96080, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 96080 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 96080 was a Seller's Market.

Key Takeaway

96080 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 96080, CA

How much do homes in 96080, CA cost?

Median Sold Price

$330,000

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$16,500(-4.8%)

Key Takeaway

Homes in 96080 have sold for 4.8% less than they did a year ago.

Summary: The median home sold price in 96080 was $330,000 in October 2024, down 4.8% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $184.5K$65K
-64.8%
2 $251.7K$223.7K
-11.1%
3 $327K$347.5K
+6.3%
4 $401K$367.2K
-8.4%
5+ $420K$550K
+31.0%

Summary: 96080 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.8%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes increased by 31%.

Median Sold Price Compared To Nearby Zip Codes

96055
+28.3%
96022
-2.7%
96080
-4.8%
96021
-10.6%

Housing Supply in 96080, CA

How many homes are available in 96080, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9694-2.1%

Summary: The 96080 real estate market had 94 homes for sale in October 2024, a 2.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 1114
+27.3%
3 6557
-12.3%
4 1618
+12.5%
5+ 44
0.0%

Summary: The 96080 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1914-26.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 96080, you could pay more than the asking price. 64.3% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in 96080 in October 2024, down by 26.3% month-over-month. Of the 14 sold homes, 21% were sold under asking, 14% were sold at asking, and 64% were sold over asking.

Days on Market for 96080, CA

How long does it take to sell a home in 96080, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
123 Days43 Days-64.6%

Summary: Homes in 96080 had an average of 43 days on market in Oct 2024, down by 64.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 96080 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 14 homes were sold in 96080; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% 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 96080, CA

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