Is 92128, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 92128 has remained a Seller's Market.
Key Takeaway
92128 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92128, CA
How much do homes in 92128, CA cost?
Median Sold Price
$903,466
$603/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 92128 have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in 92128 was $903,466 in May 2024, up 11.8% from last year, and the median price per square foot was $603.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $447K | $485K | +8.5% |
| 2 Bedrooms | $675K | $741K | +9.8% |
| 3 Bedrooms | $993K | $1.1M | +11.2% |
| 4 Bedrooms | $1.2M | $1.3M | +6.9% |
| 5+ Bedrooms | $1.5M | $1.7M | +8.9% |
Summary: 92128 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 8.9%.
Housing Supply in 92128, CA
How many homes are available in 92128, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 133 | 167 | +25.6% |
Summary: The 92128 real estate market had 167 homes for sale in May 2024, a 25.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 63 | 74 | +17.5% |
| 3 Bedrooms | 47 | 59 | +25.5% |
| 4 Bedrooms | 19 | 25 | +31.6% |
| 5+ Bedrooms | 2 | 7 | +250.0% |
Summary: The 92128 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 17.5%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 250%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 48 | +6.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92128, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.
Summary: A total of 48 homes were sold or pending in 92128 in May 2024, up by 6.7% month-over-month. Of the 48 sold homes, 33% were sold under asking, 10% were sold at asking, and 56% were sold over asking.
Days on Market for 92128, CA
How long does it take to sell a home in 92128, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 15 Days | -34.8% |
Summary: Homes in 92128 had an average of 15 days on market in May 2024, down by 34.8% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 92128 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 48 homes were sold in 92128; 88% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 4% 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.