Is 96003, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 96003 has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $280K | +36.6% |
2 Bedrooms | $278.5K | $307.1K | +10.3% |
3 Bedrooms | $390.9K | $400K | +2.3% |
4 Bedrooms | $480K | $512.5K | +6.8% |
5+ Bedrooms | $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 | $400K | $406K | +1.5% |
96019 | $295K | $290K | -1.7% |
96073 | $567.5K | $552K | -2.7% |
96051 | $360.9K | $288.8K | -20.0% |
Housing Supply in 96003, CA
How many homes are available in 96003, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
126 | 163 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 20 | 26 | +30.0% |
3 Bedrooms | 59 | 79 | +33.9% |
4 Bedrooms | 44 | 52 | +18.2% |
5+ Bedrooms | 3 | 6 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 34 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
78 Days | 81 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
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.