Is 92392, 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, 92392 has remained a Seller's Market.
Key Takeaway
92392 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92392, CA
How much do homes in 92392, CA cost?
Median Sold Price
$449,909
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 92392 have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in 92392 was $449,909 in May 2024, up 5.9% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $211K | $280K | +32.7% |
| 2 Bedrooms | $320K | $345K | +7.8% |
| 3 Bedrooms | $395K | $410K | +3.8% |
| 4 Bedrooms | $435K | $459K | +5.5% |
| 5+ Bedrooms | $487.2K | $509.6K | +4.6% |
Summary: 92392 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.7%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 4.6%.
Housing Supply in 92392, CA
How many homes are available in 92392, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 264 | 247 | -6.4% |
Summary: The 92392 real estate market had 247 homes for sale in May 2024, a 6.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 71 | 75 | +5.6% |
| 4 Bedrooms | 131 | 110 | -16.0% |
| 5+ Bedrooms | 53 | 52 | -1.9% |
Summary: The 92392 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 12.5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes decreased by 1.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 58 | 62 | +6.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92392, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 62 homes were sold or pending in 92392 in May 2024, up by 6.9% month-over-month. Of the 62 sold homes, 19% were sold under asking, 31% were sold at asking, and 50% were sold over asking.
Days on Market for 92392, CA
How long does it take to sell a home in 92392, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 48 Days | 42 Days | -14.1% |
Summary: Homes in 92392 had an average of 42 days on market in May 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 92392 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 62 homes were sold in 92392; 56% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 18% 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.