Is 92007, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 92007 has remained a Seller's Market.
Housing Prices in 92007, CA
How much do homes in 92007, CA cost?
Median Sold Price
$2,200,000
$1,096/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92007 was $2,200,000 in March 2024, up 17.3% from last year, and the median price per square foot was $1,096.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $3.0M | $1.5M | -47.5% |
2 Bedrooms | $1.0M | $1.0M | +1.4% |
3 Bedrooms | $1.6M | $1.6M | -2.5% |
4 Bedrooms | $2.6M | $2.3M | -11.6% |
5+ Bedrooms | $2.6M | $3.7M | +43.7% |
Summary: 92007 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.5%, 2 bedroom homes increased by 1.4%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes increased by 43.7%.
Housing Supply in 92007, CA
How many homes are available in 92007, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 29 | -12.1% |
Summary: The 92007 real estate market had 29 homes for sale in March 2024, a 12.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 5 | -37.5% |
3 Bedrooms | 10 | 11 | +10.0% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 92007 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 37.5%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 10 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 92007 in March 2024, down by 16.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 92007, CA
How long does it take to sell a home in 92007, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 45 Days | +139.3% |
Summary: Homes in 92007 had an average of 45 days on market in Mar 2024, up by 139.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in 92007; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.