Is 93108, 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, 93108 has remained a Seller's Market.
Key Takeaway
93108 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 93108, CA
How much do homes in 93108, CA cost?
Median Sold Price
$5,000,000
$1,783/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 93108 have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in 93108 was $5,000,000 in April 2024, up 13.9% from last year, and the median price per square foot was $1,783.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.8M | $1.7M | -7.1% |
| 2 Bedrooms | $2.7M | $3.2M | +17.6% |
| 3 Bedrooms | $3.3M | $4.1M | +22.2% |
| 4 Bedrooms | $5.0M | $5.3M | +6.0% |
| 5+ Bedrooms | $9.0M | $7.9M | -11.7% |
Summary: 93108 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 11.7%.
Median Sold Price Compared To Nearby Zip Codes
| 93108 | $4.3M | $5.0M | +13.9% |
| 93105 | $1.8M | $1.9M | +5.6% |
| 93013 | $1.3M | $1.2M | -4.7% |
| 93103 | $1.9M | $1.7M | -8.5% |
Housing Supply in 93108, CA
How many homes are available in 93108, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 92 | 109 | +18.5% |
Summary: The 93108 real estate market had 109 homes for sale in April 2024, a 18.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 27 | 31 | +14.8% |
| 4 Bedrooms | 26 | 36 | +38.5% |
| 5+ Bedrooms | 28 | 28 | 0.0% |
Summary: The 93108 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 24 | +100.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 93108, you may be able to get a good deal. 91.7% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 93108 in April 2024, up by 100.0% month-over-month. Of the 24 sold homes, 92% were sold under asking, 4% were sold at asking, and 4% were sold over asking.
Days on Market for 93108, CA
How long does it take to sell a home in 93108, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 66 Days | +58.4% |
Summary: Homes in 93108 had an average of 66 days on market in Apr 2024, up by 58.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 93108 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 24 homes were sold in 93108; 42% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 38% 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.