Is 96055, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 96055 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 96055 has remained a Seller's Market.

Key Takeaway

96055 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 96055, CA

How much do homes in 96055, CA cost?

Median Sold Price

$337,000

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$38,000(-10.1%)

Key Takeaway

Homes in 96055 have sold for 10.1% less than they did a year ago.

Summary: The median home sold price in 96055 was $337,000 in April 2024, down 10.1% from last year, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $117.5K$181.5K
+54.5%
2 $310K$204K
-34.2%
3 $358K$351K
-2.0%
4 $469K$435K
-7.2%
5+ --
N/A

Summary: 96055 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.5%, 2 bedroom homes decreased by 34.2%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

95973
-0.4%
96055
-10.1%

Housing Supply in 96055, CA

How many homes are available in 96055, CA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
11110.0%

Summary: The 96055 real estate market had 11 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 67
+16.7%
4 32
-33.3%
5+ 11
0.0%

Summary: The 96055 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 remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 96055, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 96055 in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 96055, CA

How long does it take to sell a home in 96055, CA?

Average Sale Time

Apr 2023Apr 2024CHANGE
64 Days97 Days+50.8%

Summary: Homes in 96055 had an average of 97 days on market in Apr 2024, up by 50.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 96055 has remained consistent over time.

Summary: During April 2024, 2 homes were sold in 96055; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 96055, CA

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