Is 92056, 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, 92056 has remained a Seller's Market.
Housing Prices in 92056, CA
How much do homes in 92056, CA cost?
Median Sold Price
$835,000
$527/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92056 was $835,000 in March 2024, up 4.9% from last year, and the median price per square foot was $527.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $415.5K | $447.5K | +7.7% |
2 Bedrooms | $610K | $610K | 0.0% |
3 Bedrooms | $788K | $854.2K | +8.4% |
4 Bedrooms | $922.5K | $949.5K | +2.9% |
5+ Bedrooms | $1.0M | $1.2M | +16.0% |
Summary: 92056 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes did not change, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 16%.
Housing Supply in 92056, CA
How many homes are available in 92056, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
121 | 132 | +9.1% |
Summary: The 92056 real estate market had 132 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 49 | 48 | -2.0% |
3 Bedrooms | 42 | 45 | +7.1% |
4 Bedrooms | 24 | 31 | +29.2% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The 92056 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 50 | +47.1% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in 92056 in March 2024, up by 47.1% month-over-month. Of the 50 sold homes, 40% were sold under asking, 14% were sold at asking, and 46% were sold over asking.
Days on Market for 92056, CA
How long does it take to sell a home in 92056, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 23 Days | -44.6% |
Summary: Homes in 92056 had an average of 23 days on market in Mar 2024, down by 44.6% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 50 homes were sold in 92056; 82% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.