Is 92027, 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, 92027 has remained a Seller's Market.
Housing Prices in 92027, CA
How much do homes in 92027, CA cost?
Median Sold Price
$765,000
$469/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 92027 was $765,000 in April 2024, up 9.7% from last year, and the median price per square foot was $469.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $314.5K | $346K | +10.0% |
2 Bedrooms | $473.7K | $440K | -7.1% |
3 Bedrooms | $683K | $745K | +9.1% |
4 Bedrooms | $838.5K | $889.7K | +6.1% |
5+ Bedrooms | $1.0M | $1.0M | +6.2% |
Summary: 92027 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 6.2%.
Housing Supply in 92027, CA
How many homes are available in 92027, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
96 | 89 | -7.3% |
Summary: The 92027 real estate market had 89 homes for sale in April 2024, a 7.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 20 | 15 | -25.0% |
3 Bedrooms | 36 | 30 | -16.7% |
4 Bedrooms | 28 | 28 | 0.0% |
5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The 92027 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 31 | -18.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 92027 in April 2024, down by 18.4% month-over-month. Of the 31 sold homes, 26% were sold under asking, 13% were sold at asking, and 61% were sold over asking.
Days on Market for 92027, CA
How long does it take to sell a home in 92027, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 18 Days | +17.1% |
Summary: Homes in 92027 had an average of 18 days on market in Apr 2024, up by 17.1% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 31 homes were sold in 92027; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.