Is 93638, 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, 93638 has remained a Seller's Market.
Housing Prices in 93638, CA
How much do homes in 93638, CA cost?
Median Sold Price
$385,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 93638 was $385,000 in April 2024, up 10% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $221K | $175.5K | -20.6% |
2 Bedrooms | $242.5K | $194.5K | -19.8% |
3 Bedrooms | $330K | $365K | +10.6% |
4 Bedrooms | $428.8K | $400K | -6.7% |
5+ Bedrooms | $410K | $435.4K | +6.2% |
Summary: 93638 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.6%, 2 bedroom homes decreased by 19.8%, 3 bedroom homes increased by 10.6%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Zip Codes
93638 | $350K | $385K | +10.0% |
93610 | $380K | $415K | +9.2% |
93637 | $380K | $399.3K | +5.1% |
93636 | $525K | $519.3K | -1.1% |
Housing Supply in 93638, CA
How many homes are available in 93638, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
82 | 81 | -1.2% |
Summary: The 93638 real estate market had 81 homes for sale in April 2024, a 1.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 4 | 8 | +100.0% |
3 Bedrooms | 35 | 36 | +2.9% |
4 Bedrooms | 26 | 24 | -7.7% |
5+ Bedrooms | 16 | 13 | -18.8% |
Summary: The 93638 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 18.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 15 | -31.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 93638 in April 2024, down by 31.8% month-over-month. Of the 15 sold homes, 27% were sold under asking, 40% were sold at asking, and 33% were sold over asking.
Days on Market for 93638, CA
How long does it take to sell a home in 93638, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
71 Days | 32 Days | -54.9% |
Summary: Homes in 93638 had an average of 32 days on market in Apr 2024, down by 54.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in 93638; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.