Is 95023, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 95023 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 95023 has remained a Seller's Market.

Key Takeaway

95023 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 95023, CA

How much do homes in 95023, CA cost?

Median Sold Price

$743,750

$409/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$16,570(-2.2%)

Key Takeaway

Homes in 95023 have sold for 2.2% less than they did a year ago.

Summary: The median home sold price in 95023 was $743,750 in April 2024, down 2.2% from last year, and the median price per square foot was $409.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $550K$615K
+11.8%
3 $715K$695K
-2.8%
4 $830.5K$820K
-1.3%
5+ $859.3K$835K
-2.8%

Summary: 95023 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 increased by 11.8%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 2.8%.

Median Sold Price Compared To Nearby Zip Codes

95045
+8.1%
95322
+5.1%
95020
0.3%
95023
-2.2%

Housing Supply in 95023, CA

How many homes are available in 95023, CA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
112122+8.9%

Summary: The 95023 real estate market had 122 homes for sale in April 2024, a 8.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 1718
+5.9%
3 3440
+17.6%
4 4949
0.0%
5+ 1013
+30.0%

Summary: The 95023 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 increased by 5.9%, 3 bedroom homes increased by 17.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 30%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2932+10.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 95023, you could pay more than the asking price. 48.3% of homes here sold above asking price last month.

Summary: A total of 32 homes were sold or pending in 95023 in April 2024, up by 10.3% month-over-month. Of the 29 sold homes, 38% were sold under asking, 14% were sold at asking, and 48% were sold over asking.

Days on Market for 95023, CA

How long does it take to sell a home in 95023, CA?

Average Sale Time

Apr 2023Apr 2024CHANGE
50 Days32 Days-36.7%

Summary: Homes in 95023 had an average of 32 days on market in Apr 2024, down by 36.7% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 95023 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 32 homes were sold in 95023; 59% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 3% 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 4 Days Ago

Newest Listings in 95023, CA

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