Is 93705, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$310,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 93705 was $310,000 in February 2024, up 1.6% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | - | N/A |
2 Bedrooms | $242K | $230K | -5.0% |
3 Bedrooms | $310K | $330K | +6.5% |
4 Bedrooms | $365K | $362.1K | -0.8% |
5+ Bedrooms | $475K | $520K | +9.5% |
Summary: 93705 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Zip Codes
93728 | $295K | $309K | +4.7% |
93704 | $365K | $379.3K | +3.9% |
93705 | $305K | $310K | +1.6% |
93722 | $385.2K | $385.5K | 0.1% |
93711 | $497.6K | $490K | -1.5% |
Housing Supply in 93705, CA
How many homes are available in 93705, CA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
65 | 59 | -9.2% |
Summary: The 93705 real estate market had 59 homes for sale in February 2024, a 9.2% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 19 | 20 | +5.3% |
3 Bedrooms | 37 | 26 | -29.7% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The 93705 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 29.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
25 | 15 | -40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 93705 in February 2024, down by 40.0% month-over-month. Of the 15 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
34 Days | 24 Days | -30.4% |
Summary: Homes in 93705 had an average of 24 days on market in Feb 2024, down by 30.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 15 homes were sold in 93705; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.