Is 92503, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 92503 has remained a Seller's Market.
Housing Prices in 92503, CA
How much do homes in 92503, CA cost?
Median Sold Price
$625,000
$385/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 92503 was $625,000 in April 2024, up 4.2% from last year, and the median price per square foot was $385.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $255K | N/A |
2 Bedrooms | $399K | $470K | +17.8% |
3 Bedrooms | $553.3K | $595K | +7.5% |
4 Bedrooms | $660K | $672.5K | +1.9% |
5+ Bedrooms | $949K | $855K | -9.9% |
Summary: 92503 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 9.9%.
Housing Supply in 92503, CA
How many homes are available in 92503, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
149 | 151 | +1.3% |
Summary: The 92503 real estate market had 151 homes for sale in April 2024, a 1.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 61 | 59 | -3.3% |
4 Bedrooms | 56 | 60 | +7.1% |
5+ Bedrooms | 25 | 25 | 0.0% |
Summary: The 92503 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 37 | -17.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in 92503 in April 2024, down by 17.8% month-over-month. Of the 37 sold homes, 19% were sold under asking, 16% were sold at asking, and 65% were sold over asking.
Days on Market for 92503, CA
How long does it take to sell a home in 92503, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 16 Days | -57.0% |
Summary: Homes in 92503 had an average of 16 days on market in Apr 2024, down by 57% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 37 homes were sold in 92503; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.