Is 93433, 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, 93433 has remained a Seller's Market.
Key Takeaway
93433 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 93433, CA
How much do homes in 93433, CA cost?
Median Sold Price
$775,000
$532/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 93433 have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in 93433 was $775,000 in April 2024, up 6.9% from last year, and the median price per square foot was $532.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $537.5K | +29.5% |
| 2 Bedrooms | $540K | $600K | +11.1% |
| 3 Bedrooms | $730K | $805K | +10.3% |
| 4 Bedrooms | $926.5K | $945K | +2.0% |
| 5+ Bedrooms | $1.2M | $931K | -23.7% |
Summary: 93433 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.5%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 23.7%.
Housing Supply in 93433, CA
How many homes are available in 93433, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 39 | +21.9% |
Summary: The 93433 real estate market had 39 homes for sale in April 2024, a 21.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 21 | 29 | +38.1% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 93433 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 decreased by 16.7%, 3 bedroom homes increased by 38.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 11 | +266.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 93433, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 93433 in April 2024, up by 266.7% month-over-month. Of the 10 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% were sold over asking.
Days on Market for 93433, CA
How long does it take to sell a home in 93433, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 18 Days | -48.7% |
Summary: Homes in 93433 had an average of 18 days on market in Apr 2024, down by 48.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 93433 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in 93433; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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