Is 92054, 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, 92054 has remained a Seller's Market.
Housing Prices in 92054, CA
How much do homes in 92054, CA cost?
Median Sold Price
$1,065,000
$718/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92054 was $1,065,000 in March 2024, up 7.7% from last year, and the median price per square foot was $718.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $692.5K | $675K | -2.5% |
2 Bedrooms | $845K | $1.0M | +23.4% |
3 Bedrooms | $1.0M | $1.1M | +10.5% |
4 Bedrooms | $1.3M | $1.2M | -4.9% |
5+ Bedrooms | $1.9M | $1.9M | -0.5% |
Summary: 92054 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.5%, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 0.5%.
Housing Supply in 92054, CA
How many homes are available in 92054, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
111 | 123 | +10.8% |
Summary: The 92054 real estate market had 123 homes for sale in March 2024, a 10.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 15 | +7.1% |
2 Bedrooms | 32 | 32 | 0.0% |
3 Bedrooms | 38 | 51 | +34.2% |
4 Bedrooms | 21 | 21 | 0.0% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 92054 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes remained the same, 3 bedroom homes increased by 34.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 26 | +13.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 92054 in March 2024, up by 13.0% month-over-month. Of the 26 sold homes, 50% were sold under asking, 19% were sold at asking, and 31% were sold over asking.
Days on Market for 92054, CA
How long does it take to sell a home in 92054, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 28 Days | +22.8% |
Summary: Homes in 92054 had an average of 28 days on market in Mar 2024, up by 22.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in 92054; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.