Is 91316, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 91316 has remained a Seller's Market.
Housing Prices in 91316, CA
How much do homes in 91316, CA cost?
Median Sold Price
$860,000
$519/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Summary: The median home sold price in 91316 was $860,000 in March 2024, the same as last year, and the median price per square foot was $519.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $363.7K | $278.9K | -23.3% |
2 Bedrooms | $550K | $607.5K | +10.5% |
3 Bedrooms | $959.7K | $977.5K | +1.8% |
4 Bedrooms | $1.5M | $1.8M | +18.9% |
5+ Bedrooms | $3.6M | $2.9M | -17.7% |
Summary: 91316 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.3%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes decreased by 17.7%.
Housing Supply in 91316, CA
How many homes are available in 91316, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
98 | 125 | +27.6% |
Summary: The 91316 real estate market had 125 homes for sale in March 2024, a 27.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 10 | +25.0% |
2 Bedrooms | 34 | 38 | +11.8% |
3 Bedrooms | 19 | 28 | +47.4% |
4 Bedrooms | 7 | 13 | +85.7% |
5+ Bedrooms | 30 | 36 | +20.0% |
Summary: The 91316 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 47.4%, 4 bedroom homes increased by 85.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 23 | +21.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 91316 in March 2024, up by 21.1% month-over-month. Of the 23 sold homes, 43% were sold under asking, 17% were sold at asking, and 39% were sold over asking.
Days on Market for 91316, CA
How long does it take to sell a home in 91316, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 21 Days | -42.7% |
Summary: Homes in 91316 had an average of 21 days on market in Mar 2024, down by 42.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in 91316; 78% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.