Is 93405, 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, 93405 has remained a Seller's Market.
Housing Prices in 93405, CA
How much do homes in 93405, CA cost?
Median Sold Price
$1,003,000
$613/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 93405 was $1,003,000 in March 2024, up 0.3% from last year, and the median price per square foot was $613.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $429.9K | - | N/A |
2 Bedrooms | $644.5K | $767.5K | +19.1% |
3 Bedrooms | $1.0M | $955K | -4.5% |
4 Bedrooms | $1.2M | $1.2M | -4.4% |
5+ Bedrooms | $1.5M | $1.5M | -0.7% |
Summary: 93405 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.1%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 0.7%.
Housing Supply in 93405, CA
How many homes are available in 93405, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 44 | -13.7% |
Summary: The 93405 real estate market had 44 homes for sale in March 2024, a 13.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 6 | -45.5% |
3 Bedrooms | 20 | 19 | -5.0% |
4 Bedrooms | 14 | 12 | -14.3% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 93405 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 45.5%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 8 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 93405 in March 2024, down by 50.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for 93405, CA
How long does it take to sell a home in 93405, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 24 Days | -21.5% |
Summary: Homes in 93405 had an average of 24 days on market in Mar 2024, down by 21.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in 93405; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.