Is 91602, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 91602 was a Seller's Market.
Key Takeaway
91602 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 91602, CA
How much do homes in 91602, CA cost?
Median Sold Price
$958,250
$647/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 91602 have sold for 8.7% less than they did a year ago.
Summary: The median home sold price in 91602 was $958,250 in May 2024, down 8.7% from last year, and the median price per square foot was $647.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $463.1K | $492.5K | +6.3% |
| 2 Bedrooms | $702.5K | $840K | +19.6% |
| 3 Bedrooms | $1.3M | $991.3K | -26.6% |
| 4 Bedrooms | $2.3M | $2.3M | +1.5% |
| 5+ Bedrooms | $3.6M | $2.7M | -26.3% |
Summary: 91602 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 19.6%, 3 bedroom homes decreased by 26.6%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 26.3%.
Housing Supply in 91602, CA
How many homes are available in 91602, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 67 | 73 | +9.0% |
Summary: The 91602 real estate market had 73 homes for sale in May 2024, a 9.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 23 | 24 | +4.3% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The 91602 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 17.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 91602, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in 91602 in May 2024, down by 14.3% month-over-month. Of the 12 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.
Days on Market for 91602, CA
How long does it take to sell a home in 91602, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 18 Days | -47.9% |
Summary: Homes in 91602 had an average of 18 days on market in May 2024, down by 47.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 91602 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in 91602; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.