Is 92078, 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, 92078 has remained a Seller's Market.
Housing Prices in 92078, CA
How much do homes in 92078, CA cost?
Median Sold Price
$923,666
$541/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 92078 was $923,666 in April 2024, up 2.7% from last year, and the median price per square foot was $541.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $197K | +12.6% |
2 Bedrooms | $689K | $712K | +3.3% |
3 Bedrooms | $860K | $900K | +4.7% |
4 Bedrooms | $1.3M | $1.2M | -4.6% |
5+ Bedrooms | $1.5M | $1.6M | +5.2% |
Summary: 92078 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 5.2%.
Housing Supply in 92078, CA
How many homes are available in 92078, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
109 | 121 | +11.0% |
Summary: The 92078 real estate market had 121 homes for sale in April 2024, a 11.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 4 | -33.3% |
2 Bedrooms | 26 | 25 | -3.8% |
3 Bedrooms | 39 | 46 | +17.9% |
4 Bedrooms | 24 | 28 | +16.7% |
5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The 92078 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 31 | -8.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 92078 in April 2024, down by 8.8% month-over-month. Of the 31 sold homes, 26% were sold under asking, 10% were sold at asking, and 65% were sold over asking.
Days on Market for 92078, CA
How long does it take to sell a home in 92078, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 21 Days | -2.3% |
Summary: Homes in 92078 had an average of 21 days on market in Apr 2024, down by 2.3% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 31 homes were sold in 92078; 71% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.