Is 92395, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92395 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 92395 has remained a Seller's Market.

Key Takeaway

92395 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92395, CA

How much do homes in 92395, CA cost?

Median Sold Price

$405,000

$243/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$15,000(+3.8%)

Key Takeaway

Homes in 92395 have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in 92395 was $405,000 in May 2024, up 3.8% from last year, and the median price per square foot was $243.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $152.5K$190K
+24.6%
2 $294.5K$300K
+1.9%
3 $380K$400K
+5.3%
4 $415K$445K
+7.2%
5+ $475K$518K
+9.1%

Summary: 92395 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.6%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 9.1%.

Median Sold Price Compared To Nearby Zip Codes

92307
+6.0%
92392
+5.9%
92345
+5.1%
92395
+3.8%
92394
+1.2%

Housing Supply in 92395, CA

How many homes are available in 92395, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
163175+7.4%

Summary: The 92395 real estate market had 175 homes for sale in May 2024, a 7.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 1824
+33.3%
3 8079
-1.3%
4 4651
+10.9%
5+ 1820
+11.1%

Summary: The 92395 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 33.3%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3445+32.4%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92395, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Summary: A total of 45 homes were sold or pending in 92395 in May 2024, up by 32.4% month-over-month. Of the 45 sold homes, 29% were sold under asking, 27% were sold at asking, and 44% were sold over asking.

Days on Market for 92395, CA

How long does it take to sell a home in 92395, CA?

Average Sale Time

May 2023May 2024CHANGE
53 Days23 Days-55.6%

Summary: Homes in 92395 had an average of 23 days on market in May 2024, down by 55.6% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92395 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 45 homes were sold in 92395; 82% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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