Is 93722, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93722 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 93722 has remained a Seller's Market.

Key Takeaway

93722 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 93722, CA

How much do homes in 93722, CA cost?

Median Sold Price

$390,000

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$6,333(+1.7%)

Key Takeaway

Homes in 93722 have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in 93722 was $390,000 in May 2024, up 1.7% from last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $135K$175K
+29.6%
2 $313K$300K
-4.2%
3 $368K$374.4K
+1.8%
4 $425K$450K
+5.9%
5+ $522.5K$538K
+3.0%

Summary: 93722 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.6%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 3%.

Median Sold Price Compared To Nearby Zip Codes

93723
+9.2%
93728
+7.1%
93705
+1.8%
93722
+1.7%
93711
-0.4%

Housing Supply in 93722, CA

How many homes are available in 93722, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
174185+6.3%

Summary: The 93722 real estate market had 185 homes for sale in May 2024, a 6.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 97
-22.2%
3 97107
+10.3%
4 4853
+10.4%
5+ 1917
-10.5%

Summary: The 93722 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 10.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
5537-32.7%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93722, you could pay more than the asking price. 40.5% of homes here sold above asking price last month.

Summary: A total of 37 homes were sold or pending in 93722 in May 2024, down by 32.7% month-over-month. Of the 37 sold homes, 32% were sold under asking, 27% were sold at asking, and 41% were sold over asking.

Days on Market for 93722, CA

How long does it take to sell a home in 93722, CA?

Average Sale Time

May 2023May 2024CHANGE
18 Days22 Days+23.3%

Summary: Homes in 93722 had an average of 22 days on market in May 2024, up by 23.3% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93722 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 37 homes were sold in 93722; 78% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in 93722, CA

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