Is 93420, 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, 93420 has remained a Seller's Market.
Key Takeaway
93420 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 93420, CA
How much do homes in 93420, CA cost?
Median Sold Price
$1,037,500
$525/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 93420 have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in 93420 was $1,037,500 in April 2024, up 6.7% from last year, and the median price per square foot was $525.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $555K | $384K | -30.8% |
| 2 Bedrooms | $560K | $599K | +7.0% |
| 3 Bedrooms | $898K | $999K | +11.2% |
| 4 Bedrooms | $1.2M | $1.3M | +13.0% |
| 5+ Bedrooms | $1.5M | $1.6M | +6.1% |
Summary: 93420 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.8%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 6.1%.
Housing Supply in 93420, CA
How many homes are available in 93420, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 65 | 63 | -3.1% |
Summary: The 93420 real estate market had 63 homes for sale in April 2024, a 3.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 32 | 24 | -25.0% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The 93420 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 42.9%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 18 | -14.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 93420, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 93420 in April 2024, down by 14.3% month-over-month. Of the 18 sold homes, 39% were sold under asking, 11% were sold at asking, and 50% were sold over asking.
Days on Market for 93420, CA
How long does it take to sell a home in 93420, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 17 Days | -38.4% |
Summary: Homes in 93420 had an average of 17 days on market in Apr 2024, down by 38.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 93420 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 18 homes were sold in 93420; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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