Is 96161, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 96161 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 96161 was a Seller's Market.

Key Takeaway

96161 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 96161, CA

How much do homes in 96161, CA cost?

Median Sold Price

$643,750

$340/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$266,250(-29.3%)

Key Takeaway

Homes in 96161 have sold for 29.3% less than they did a month ago.

Summary: The median home sold price in 96161 was $643,750 in October 2024, down 29.3% from last month, and the median price per square foot was $340.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $663K$643.7K
-2.9%
3 $1.2M-
N/A
4 --
N/A
5+ --
N/A

Summary: 96161 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.9%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

96148
+477.8%
96161
-29.3%

Housing Supply in 96161, CA

How many homes are available in 96161, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1014+40.0%

Summary: The 96161 real estate market had 14 homes for sale in October 2024, a 40.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 44
0.0%
4 24
+100.0%
5+ 00
0.0%

Summary: The 96161 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 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 96161, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 96161 in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 96161, CA

How long does it take to sell a home in 96161, CA?

Average Sale Time

Sep 2024Oct 2024CHANGE
62 Days53 Days-15.0%

Summary: Homes in 96161 had an average of 53 days on market in Oct 2024, down by 15% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 96161 has remained consistent over time.

Summary: During October 2024, 2 homes were sold in 96161; 0% of homes were sold within 30 days, 100% 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 4 Days Ago

Newest Listings in 96161, CA

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