Is 93110, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93110 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 93110 was a Seller's Market.

Key Takeaway

93110 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 93110, CA

How much do homes in 93110, CA cost?

Median Sold Price

$2,075,000

$1,385/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$96,100(-4.4%)

Key Takeaway

Homes in 93110 have sold for 4.4% less than they did a month ago.

Summary: The median home sold price in 93110 was $2,075,000 in April 2024, down 4.4% from last month, and the median price per square foot was $1,385.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $1.2M-
N/A
3 $1.5M$1.7M
+14.8%
4 $2.3M$3.5M
+49.2%
5+ $2.6M$4.6M
+78.4%

Summary: 93110 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 49.2%, and 5+ bedroom homes increased by 78.4%.

Housing Supply in 93110, CA

How many homes are available in 93110, CA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3336+9.1%

Summary: The 93110 real estate market had 36 homes for sale in April 2024, a 9.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 1310
-23.1%
4 812
+50.0%
5+ 77
0.0%

Summary: The 93110 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 increased by 40%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
116-45.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93110, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in 93110 in April 2024, down by 45.5% month-over-month. Of the 6 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% were sold over asking.

Days on Market for 93110, CA

How long does it take to sell a home in 93110, CA?

Average Sale Time

Mar 2024Apr 2024CHANGE
49 Days3 Days-92.5%

Summary: Homes in 93110 had an average of 3 days on market in Apr 2024, down by 92.5% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93110 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 6 homes were sold in 93110; 100% of homes were sold within 30 days, 0% 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 15 Days Ago

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