Contracts Low Point in 93401 Zip Code Real Estate Market

Over the last 30 days, 15 homes went under contract in the 93401 zip code market, the lowest amount since last January. As the market appears to be approaching a low, there were 39 homes sold over the same period. In comparison, 93420 led all other nearby zip codes with 19 contracts executed. However, a six-week downward trend in new listings is expected to come to an end over the coming weeks. As contracts reached a new bottom, prices have been increasing. The median sales price hit $675,000, extending a four-week long spike. In spite of contracts trending lower, rising prices and a low one month of inventory signal that the 93401 zip code is still a strong seller's market.

If money isn't a problem, check out these eye-catching listings in the 93401 zip code:

$2.1M   $1.8M   $1.8M  

Get started right now by checking out 93401 homes for sale or reviewing 93401 real estate trends.

Demographic facts for the 93401 zip code:

  • The population density is 458.8 people per square mile.
  • This area has a cost of living index score of 156.3. (100 = national average)
  • The average commute to work for people in this area is 17 minutes.

Data reported through 1/11/2017

Comments:

Ask a local expert about this area:
Freitas Real Estate Agency
Snapped 2 homes in this area
Patterson realty
Snapped 1 home in this area
Coldwell Banker Premier Real estate
Snapped 4 homes in this area

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