Is 91423, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 91423 is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, 91423 has remained a Seller's Market.

Key Takeaway

91423 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 91423, CA

How much do homes in 91423, CA cost?

Median Sold Price

$1,570,000

$770/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$139,000(+9.7%)

Key Takeaway

Homes in 91423 have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in 91423 was $1,570,000 in September 2024, up 9.7% from last year, and the median price per square foot was $770.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $565K$515K
-8.8%
2 $766.5K$778K
+1.5%
3 $1.4M$1.5M
+13.5%
4 $2.2M$2.0M
-10.0%
5+ $3.2M$3.2M
+1.9%

Summary: 91423 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.8%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 13.5%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 1.9%.

Median Sold Price Compared To Nearby Zip Codes

91607
+24.1%
91403
+23.0%
91423
+9.7%
91401
+6.0%
91604
+5.4%

Housing Supply in 91423, CA

How many homes are available in 91423, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
105123+17.1%

Summary: The 91423 real estate market had 123 homes for sale in September 2024, a 17.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 66
0.0%
2 3132
+3.2%
3 2531
+24.0%
4 2327
+17.4%
5+ 2027
+35.0%

Summary: The 91423 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 35%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2721-22.2%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 91423, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 91423 in September 2024, down by 22.2% month-over-month. Of the 21 sold homes, 62% were sold under asking, 10% were sold at asking, and 29% were sold over asking.

Days on Market for 91423, CA

How long does it take to sell a home in 91423, CA?

Average Sale Time

Sep 2023Sep 2024CHANGE
19 Days31 Days+62.3%

Summary: Homes in 91423 had an average of 31 days on market in Sep 2024, up by 62.3% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 91423 are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 21 homes were sold in 91423; 62% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 5% 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 Sep 1, 2024

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