Is 93611, 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, 93611 has remained a Seller's Market.
Housing Prices in 93611, CA
How much do homes in 93611, CA cost?
Median Sold Price
$490,000
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 93611 was $490,000 in April 2024, up 5.4% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $345.3K | $352.6K | +2.1% |
3 Bedrooms | $420K | $435K | +3.6% |
4 Bedrooms | $547.2K | $564K | +3.1% |
5+ Bedrooms | $657.6K | $632.5K | -3.8% |
Summary: 93611 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Zip Codes
93611 | $465K | $490K | +5.4% |
93619 | $566.3K | $590.9K | +4.3% |
93612 | $359K | $370K | +3.1% |
93720 | $465K | $474.9K | +2.1% |
93727 | $424.7K | $415K | -2.3% |
Housing Supply in 93611, CA
How many homes are available in 93611, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
102 | 103 | +1.0% |
Summary: The 93611 real estate market had 103 homes for sale in April 2024, a 1.0% 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 | 5 | 3 | -40.0% |
3 Bedrooms | 47 | 42 | -10.6% |
4 Bedrooms | 37 | 43 | +16.2% |
5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The 93611 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 40%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 29 | -3.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 93611 in April 2024, down by 3.3% month-over-month. Of the 29 sold homes, 55% were sold under asking, 14% were sold at asking, and 31% were sold over asking.
Days on Market for 93611, CA
How long does it take to sell a home in 93611, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 34 Days | +57.9% |
Summary: Homes in 93611 had an average of 34 days on market in Apr 2024, up by 57.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in 93611; 69% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.