Is 93950, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93950 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 93950 was a Seller's Market.

Key Takeaway

93950 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 93950, CA

How much do homes in 93950, CA cost?

Median Sold Price

$1,425,000

$1,060/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$28,312(+2.0%)

Key Takeaway

Homes in 93950 have sold for 2% more than they did a year ago.

Summary: The median home sold price in 93950 was $1,425,000 in April 2024, up 2% from last year, and the median price per square foot was $1,060.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $941.9K$1.1M
+18.9%
2 $1.0M$1.2M
+18.4%
3 $1.4M$1.4M
-1.3%
4 $1.9M$1.9M
+0.8%
5+ $1.8M$2.0M
+13.0%

Summary: 93950 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.9%, 2 bedroom homes increased by 18.4%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 13%.

Median Sold Price Compared To Nearby Zip Codes

93950
+2.0%
93940
-1.4%
93953
-10.2%

Housing Supply in 93950, CA

How many homes are available in 93950, CA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
43430.0%

Summary: The 93950 real estate market had 43 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 1315
+15.4%
3 1714
-17.6%
4 1010
0.0%
5+ 22
0.0%

Summary: The 93950 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
117-36.4%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93950, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 93950 in April 2024, down by 36.4% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.

Days on Market for 93950, CA

How long does it take to sell a home in 93950, CA?

Average Sale Time

Apr 2023Apr 2024CHANGE
25 Days30 Days+23.4%

Summary: Homes in 93950 had an average of 30 days on market in Apr 2024, up by 23.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93950 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 7 homes were sold in 93950; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% 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 3 Days Ago

Newest Listings in 93950, CA

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