Is 96003, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 96003 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 96003 has remained a Seller's Market.

Key Takeaway

96003 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 96003, CA

How much do homes in 96003, CA cost?

Median Sold Price

$406,000

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$6,000(+1.5%)

Key Takeaway

Homes in 96003 have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in 96003 was $406,000 in March 2024, up 1.5% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $205K$280K
+36.6%
2 $278.5K$307.1K
+10.3%
3 $390.9K$400K
+2.3%
4 $480K$512.5K
+6.8%
5+ $599.9K$735K
+22.5%

Summary: 96003 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.6%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 22.5%.

Median Sold Price Compared To Nearby Zip Codes

96003
+1.5%
96019
-1.7%
96073
-2.7%
96051
-20.0%

Housing Supply in 96003, CA

How many homes are available in 96003, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
126163+29.4%

Summary: The 96003 real estate market had 163 homes for sale in March 2024, a 29.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 2026
+30.0%
3 5979
+33.9%
4 4452
+18.2%
5+ 36
+100.0%

Summary: The 96003 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 33.9%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1734+100.0%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 96003, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in 96003 in March 2024, up by 100.0% month-over-month. Of the 34 sold homes, 65% were sold under asking, 21% were sold at asking, and 15% were sold over asking.

Days on Market for 96003, CA

How long does it take to sell a home in 96003, CA?

Average Sale Time

Mar 2023Mar 2024CHANGE
78 Days81 Days+4.0%

Summary: Homes in 96003 had an average of 81 days on market in Mar 2024, up by 4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 96003 has remained consistent over time.

Summary: During March 2024, 34 homes were sold in 96003; 15% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 29% 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 28 Days Ago

Newest Listings in 96003, CA

Nearby Markets to 96003, CA