Is 93705, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 93705 has remained a Seller's Market.
Housing Prices in 93705, CA
How much do homes in 93705, CA cost?
Median Sold Price
$306,600
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 93705 was $306,600 in March 2024, up 0.5% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | - | N/A |
2 Bedrooms | $260K | $225K | -13.5% |
3 Bedrooms | $315K | $330K | +4.8% |
4 Bedrooms | $360K | $375K | +4.2% |
5+ Bedrooms | $540K | $495K | -8.3% |
Summary: 93705 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 13.5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Zip Codes
93704 | $361.5K | $388K | +7.3% |
93728 | $295K | $309K | +4.7% |
93722 | $385K | $387.2K | +0.6% |
93705 | $305K | $306.6K | 0.5% |
93711 | $500K | $489.5K | -2.1% |
Housing Supply in 93705, CA
How many homes are available in 93705, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 66 | +13.8% |
Summary: The 93705 real estate market had 66 homes for sale in March 2024, a 13.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 19 | 16 | -15.8% |
3 Bedrooms | 28 | 36 | +28.6% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The 93705 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 decreased by 15.8%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 17 | +6.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 93705 in March 2024, up by 6.3% month-over-month. Of the 17 sold homes, 35% were sold under asking, 12% were sold at asking, and 53% were sold over asking.
Days on Market for 93705, CA
How long does it take to sell a home in 93705, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 23 Days | -55.1% |
Summary: Homes in 93705 had an average of 23 days on market in Mar 2024, down by 55.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in 93705; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.