Is 93022, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 93022 has remained a Seller's Market.
Key Takeaway
93022 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 93022, CA
How much do homes in 93022, CA cost?
Median Sold Price
$915,000
$630/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 93022 have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in 93022 was $915,000 in April 2024, up 13.7% from last year, and the median price per square foot was $630.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $527K | $640K | +21.4% |
| 2 Bedrooms | $767.5K | $705K | -8.1% |
| 3 Bedrooms | $787K | $915K | +16.3% |
| 4 Bedrooms | $1.1M | $1.1M | +4.0% |
| 5+ Bedrooms | $1.2M | $3.6M | +195.8% |
Summary: 93022 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.4%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 195.8%.
Housing Supply in 93022, CA
How many homes are available in 93022, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 26 | +13.0% |
Summary: The 93022 real estate market had 26 homes for sale in April 2024, a 13.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 12 | 17 | +41.7% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 93022 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 41.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 93022, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 93022 in April 2024, up by 125.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for 93022, CA
How long does it take to sell a home in 93022, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 11 Days | 45 Days | +310.8% |
Summary: Homes in 93022 had an average of 45 days on market in Apr 2024, up by 310.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 93022 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in 93022; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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