Is 93551, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 93551 has remained a Seller's Market.
Key Takeaway
93551 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 93551, CA
How much do homes in 93551, CA cost?
Median Sold Price
$580,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 93551 have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in 93551 was $580,000 in May 2024, up 1.8% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $399.5K | - | N/A |
| 2 Bedrooms | $395K | $396K | 0.3% |
| 3 Bedrooms | $510K | $520K | +2.0% |
| 4 Bedrooms | $570K | $590K | +3.5% |
| 5+ Bedrooms | $649.9K | $670K | +3.1% |
Summary: 93551 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 3.1%.
Housing Supply in 93551, CA
How many homes are available in 93551, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 201 | 233 | +15.9% |
Summary: The 93551 real estate market had 233 homes for sale in May 2024, a 15.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 63 | 60 | -4.8% |
| 4 Bedrooms | 80 | 108 | +35.0% |
| 5+ Bedrooms | 51 | 60 | +17.6% |
Summary: The 93551 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 35%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 53 | +51.4% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 93551, you may be able to get a good deal. 39.6% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in 93551 in May 2024, up by 51.4% month-over-month. Of the 53 sold homes, 40% were sold under asking, 23% were sold at asking, and 38% were sold over asking.
Days on Market for 93551, CA
How long does it take to sell a home in 93551, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 27 Days | -37.6% |
Summary: Homes in 93551 had an average of 27 days on market in May 2024, down by 37.6% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 93551 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 53 homes were sold in 93551; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.