Is 93723, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 93723 was a Seller's Market.
Key Takeaway
93723 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 93723, CA
How much do homes in 93723, CA cost?
Median Sold Price
$507,495
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 93723 have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in 93723 was $507,495 in April 2024, up 10.9% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $383.3K | $361.5K | -5.7% |
| 3 Bedrooms | $424.7K | $465K | +9.5% |
| 4 Bedrooms | $495K | $542.4K | +9.6% |
| 5+ Bedrooms | $575K | $655.9K | +14.1% |
Summary: 93723 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 decreased by 5.7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 14.1%.
Median Sold Price Compared To Nearby Zip Codes
| 93706 | $250K | $280K | +12.0% |
| 93723 | $457.8K | $507.4K | +10.9% |
| 93722 | $385K | $389.3K | +1.1% |
| 93630 | $393K | $393.7K | 0.2% |
Housing Supply in 93723, CA
How many homes are available in 93723, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 32 | -11.1% |
Summary: The 93723 real estate market had 32 homes for sale in April 2024, a 11.1% decrease 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 14 | 11 | -21.4% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The 93723 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 100%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 93723, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 93723 in April 2024, down by 55.6% month-over-month. Of the 4 sold homes, 0% were sold under asking, 75% were sold at asking, and 25% were sold over asking.
Days on Market for 93723, CA
How long does it take to sell a home in 93723, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 12 Days | -77.5% |
Summary: Homes in 93723 had an average of 12 days on market in Apr 2024, down by 77.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 93723 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in 93723; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
