Is 93401, 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, 93401 has remained a Seller's Market.
Housing Prices in 93401, CA
How much do homes in 93401, CA cost?
Median Sold Price
$985,000
$606/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 93401 was $985,000 in April 2024, up 4% from last year, and the median price per square foot was $606.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $612.1K | $637K | +4.1% |
2 Bedrooms | $640.5K | $750K | +17.1% |
3 Bedrooms | $989K | $1.0M | +3.9% |
4 Bedrooms | $1.4M | $1.5M | +11.3% |
5+ Bedrooms | $1.7M | $1.5M | -10.3% |
Summary: 93401 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes decreased by 10.3%.
Housing Supply in 93401, CA
How many homes are available in 93401, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
99 | 92 | -7.1% |
Summary: The 93401 real estate market had 92 homes for sale in April 2024, a 7.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 33 | 31 | -6.1% |
3 Bedrooms | 43 | 40 | -7.0% |
4 Bedrooms | 16 | 14 | -12.5% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 93401 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 29 | +52.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 93401 in April 2024, up by 52.6% month-over-month. Of the 29 sold homes, 28% were sold under asking, 31% were sold at asking, and 41% were sold over asking.
Days on Market for 93401, CA
How long does it take to sell a home in 93401, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 25 Days | +13.2% |
Summary: Homes in 93401 had an average of 25 days on market in Apr 2024, up by 13.2% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in 93401; 72% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.