Is 92037, 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, 92037 has remained a Seller's Market.
Key Takeaway
92037 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92037, CA
How much do homes in 92037, CA cost?
Median Sold Price
$2,008,750
$1,028/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in 92037 has remained the same since last year.
Summary: The median home sold price in 92037 was $2,008,750 in March 2024, down 0.5% from last year, and the median price per square foot was $1,028.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $613.5K | $630K | +2.7% |
| 2 Bedrooms | $1.1M | $1.1M | -2.2% |
| 3 Bedrooms | $2.3M | $2.3M | -1.1% |
| 4 Bedrooms | $3.1M | $3.2M | 0.2% |
| 5+ Bedrooms | $4.8M | $4.6M | -2.9% |
Summary: 92037 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Zip Codes
| 92121 | $1.0M | $1.2M | +22.3% |
| 92109 | $1.2M | $1.5M | +16.9% |
| 92037 | $2.0M | $2.0M | -0.5% |
Housing Supply in 92037, CA
How many homes are available in 92037, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 175 | 170 | -2.9% |
Summary: The 92037 real estate market had 170 homes for sale in March 2024, a 2.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 44 | 41 | -6.8% |
| 3 Bedrooms | 57 | 52 | -8.8% |
| 4 Bedrooms | 35 | 39 | +11.4% |
| 5+ Bedrooms | 30 | 28 | -6.7% |
Summary: The 92037 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 40 | -4.8% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92037, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in 92037 in March 2024, down by 4.8% month-over-month. Of the 40 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 92037, CA
How long does it take to sell a home in 92037, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 25 Days | -36.6% |
Summary: Homes in 92037 had an average of 25 days on market in Mar 2024, down by 36.6% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 92037 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 40 homes were sold in 92037; 68% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.