The 93516 zip code market saw sales remain flat this week with two homes sold over the last 30 days and new listings also remain flat at one. The median sales price remained unchanged over the latest reporting period for the 93516 zip code, coming in at $44,500. Despite the flat sales, a relatively low two months of inventory remaining indicates that the 93516 zip code is a definite seller's market.
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The 93516 zip code market may be experiencing a pronounced pullback but sales stood their ground this week at one home sold over the last 30 days. The median sales price stayed flat at $24,000, and there are a fairly average four months of inventory left to be sold.
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The 93516 zip code is a zip code in California with a median income of $50,395 per household. Besides being somewhat affluent, its population is younger than others with a median age of 39 years. The 93516 zip code market almost exclusively consists of detached houses, accounting for 100% of the current homes in the area. The top school in the zip code is Boron Junior-Senior High School.
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There was one home sale in the 93516 zip code market over the last 30 days, above the 0.5 monthly average. To put it in perspective, the close-by 93535 zip code registered 42 homes sold in the same period, the most of all surrounding zip codes.
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The 93516 zip code market was quiet this week and reported zero home sales over the last 30 days. The 93516 zip code usually averages 0.5 sales per month.
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The 93516 zip code market is looking quite attractive. While sales came in at zero homes sold over the last 30 days, price reductions are the highest they've been since May, with two reported over the same period. During the same time frame, 92301 had the most price reductions of any other neighboring zip codes with 26.
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The 93516 zip code market slowed this week but remained much stronger than normal as sales fell 50.0% to one home sold over the last 30 days. Meanwhile, the 93535 zip code reported 48 home sales, the highest number from all the surrounding zip codes. The median sales price in the 93516 zip code climbed to $40,000 while months of inventory spiked to four.
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With two homes sold in the 93516 zip code market over the last 30 days, we see no change from last week's numbers. However, two new listings came into the market. The median sales price remained unchanged over the latest reporting period for the 93516 zip code, coming in at $31,500. Despite the flat sales, a relatively low two months of inventory remaining indicates that the 93516 zip code is a definite seller's market.
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$125K  
The population of the 93516 zip code is growing slightly faster than the rest of California, at a 10-year growth rate of 10.0%. It's a smaller-than-average zip code compared to the rest of the state, with 2,307 residents. The 93516 zip code is made up of homes that are older than most with a median of 53 years. Topping the list of best schools in the zip code is Boron Junior-Senior High School.
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$125K  
The 93516 zip code market saw sales remain flat this week with two homes sold over the last 30 days, while new listings climbed to one. The median sales price remained unchanged over the latest reporting period for the 93516 zip code, coming in at $31,500. Despite the flat sales, a relatively low three months of inventory remaining indicates that the 93516 zip code is a seller's market.
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