Is 92107, 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, 92107 has remained a Seller's Market.
Housing Prices in 92107, CA
How much do homes in 92107, CA cost?
Median Sold Price
$1,400,000
$957/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92107 was $1,400,000 in March 2024, up 12% from last year, and the median price per square foot was $957.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $515K | $625K | +21.4% |
2 Bedrooms | $887K | $835K | -5.9% |
3 Bedrooms | $1.5M | $1.6M | +7.1% |
4 Bedrooms | $2.0M | $1.8M | -9.9% |
5+ Bedrooms | $3.0M | $3.6M | +21.6% |
Summary: 92107 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.4%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes increased by 21.6%.
Housing Supply in 92107, CA
How many homes are available in 92107, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
47 | 62 | +31.9% |
Summary: The 92107 real estate market had 62 homes for sale in March 2024, a 31.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 12 | +50.0% |
2 Bedrooms | 17 | 19 | +11.8% |
3 Bedrooms | 9 | 16 | +77.8% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The 92107 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 77.8%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 14 | -12.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 92107 in March 2024, down by 12.5% month-over-month. Of the 14 sold homes, 50% were sold under asking, 14% were sold at asking, and 36% were sold over asking.
Days on Market for 92107, CA
How long does it take to sell a home in 92107, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 21 Days | -51.1% |
Summary: Homes in 92107 had an average of 21 days on market in Mar 2024, down by 51.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 92107; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.