Is 93561, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 93561 was a Seller's Market.
Housing Prices in 93561, CA
How much do homes in 93561, CA cost?
Median Sold Price
$425,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 93561 was $425,000 in March 2024, down 1.2% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $149K | - | N/A |
2 Bedrooms | $325K | $286.2K | -11.9% |
3 Bedrooms | $420K | $400K | -4.8% |
4 Bedrooms | $465K | $498.5K | +7.2% |
5+ Bedrooms | $850K | $395K | -53.5% |
Summary: 93561 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 decreased by 11.9%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 53.5%.
Housing Supply in 93561, CA
How many homes are available in 93561, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 58 | +41.5% |
Summary: The 93561 real estate market had 58 homes for sale in March 2024, a 41.5% increase 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 | 3 | 5 | +66.7% |
3 Bedrooms | 23 | 35 | +52.2% |
4 Bedrooms | 13 | 15 | +15.4% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 93561 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 increased by 66.7%, 3 bedroom homes increased by 52.2%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 93561 in March 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 93561, CA
How long does it take to sell a home in 93561, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
79 Days | 78 Days | -1.4% |
Summary: Homes in 93561 had an average of 78 days on market in Mar 2024, down by 1.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in 93561; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.