Is 92040, 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, 92040 has remained a Seller's Market.
Housing Prices in 92040, CA
How much do homes in 92040, CA cost?
Median Sold Price
$765,000
$488/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92040 was $765,000 in March 2024, up 4.4% from last year, and the median price per square foot was $488.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $335K | $347K | +3.6% |
2 Bedrooms | $430K | $442.5K | +2.9% |
3 Bedrooms | $725K | $765K | +5.5% |
4 Bedrooms | $800K | $880K | +10.0% |
5+ Bedrooms | $1.0M | $1.0M | 0.3% |
Summary: 92040 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 0.3%.
Housing Supply in 92040, CA
How many homes are available in 92040, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
75 | 75 | 0.0% |
Summary: The 92040 real estate market had 75 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 13 | 14 | +7.7% |
3 Bedrooms | 37 | 31 | -16.2% |
4 Bedrooms | 17 | 20 | +17.6% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 92040 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 16.2%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 25 | +13.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in 92040 in March 2024, up by 13.6% month-over-month. Of the 25 sold homes, 16% were sold under asking, 32% were sold at asking, and 52% were sold over asking.
Days on Market for 92040, CA
How long does it take to sell a home in 92040, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 11 Days | -64.0% |
Summary: Homes in 92040 had an average of 11 days on market in Mar 2024, down by 64% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in 92040; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.