Is 92071, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 92071 has remained a Seller's Market.
Housing Prices in 92071, CA
How much do homes in 92071, CA cost?
Median Sold Price
$750,000
$510/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 92071 was $750,000 in April 2024, up 4.8% from last year, and the median price per square foot was $510.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $346.4K | $345K | -0.4% |
2 Bedrooms | $485K | $510K | +5.2% |
3 Bedrooms | $702.2K | $736.6K | +4.9% |
4 Bedrooms | $819K | $852K | +4.0% |
5+ Bedrooms | $1.0M | $1.1M | +14.8% |
Summary: 92071 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 14.8%.
Housing Supply in 92071, CA
How many homes are available in 92071, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
113 | 118 | +4.4% |
Summary: The 92071 real estate market had 118 homes for sale in April 2024, a 4.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 28 | 25 | -10.7% |
3 Bedrooms | 50 | 55 | +10.0% |
4 Bedrooms | 30 | 34 | +13.3% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 92071 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.7%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 40 | -14.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in 92071 in April 2024, down by 14.9% month-over-month. Of the 40 sold homes, 15% were sold under asking, 18% were sold at asking, and 68% were sold over asking.
Days on Market for 92071, CA
How long does it take to sell a home in 92071, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
11 Days | 11 Days | +3.0% |
Summary: Homes in 92071 had an average of 11 days on market in Apr 2024, up by 3% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 40 homes were sold in 92071; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.