Is 92028, 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, 92028 has remained a Seller's Market.
Housing Prices in 92028, CA
How much do homes in 92028, CA cost?
Median Sold Price
$873,577
$404/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92028 was $873,577 in March 2024, up 4.6% from last year, and the median price per square foot was $404.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $395K | $404K | +2.3% |
2 Bedrooms | $628.7K | $645K | +2.6% |
3 Bedrooms | $770K | $795K | +3.3% |
4 Bedrooms | $894.5K | $967.5K | +8.2% |
5+ Bedrooms | $1.2M | $1.3M | +4.5% |
Summary: 92028 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 4.5%.
Housing Supply in 92028, CA
How many homes are available in 92028, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
160 | 170 | +6.3% |
Summary: The 92028 real estate market had 170 homes for sale in March 2024, a 6.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 19 | 12 | -36.8% |
3 Bedrooms | 59 | 79 | +33.9% |
4 Bedrooms | 55 | 50 | -9.1% |
5+ Bedrooms | 25 | 27 | +8.0% |
Summary: The 92028 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 36.8%, 3 bedroom homes increased by 33.9%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 41 | +17.1% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in 92028 in March 2024, up by 17.1% month-over-month. Of the 41 sold homes, 41% were sold under asking, 22% were sold at asking, and 37% were sold over asking.
Days on Market for 92028, CA
How long does it take to sell a home in 92028, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 41 Days | +4.3% |
Summary: Homes in 92028 had an average of 41 days on market in Mar 2024, up by 4.3% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 41 homes were sold in 92028; 59% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.