Is 92108, 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, 92108 has remained a Seller's Market.
Housing Prices in 92108, CA
How much do homes in 92108, CA cost?
Median Sold Price
$551,000
$625/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 92108 was $551,000 in April 2024, down 0.7% from last year, and the median price per square foot was $625.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $415K | $440K | +6.0% |
2 Bedrooms | $625K | $622K | -0.5% |
3 Bedrooms | $790.5K | $890K | +12.6% |
4 Bedrooms | $1.1M | $807.5K | -32.4% |
5+ Bedrooms | - | - | N/A |
Summary: 92108 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 12.6%, 4 bedroom homes decreased by 32.4%, and 5+ bedroom homes did not change.
Housing Supply in 92108, CA
How many homes are available in 92108, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 68 | +15.3% |
Summary: The 92108 real estate market had 68 homes for sale in April 2024, a 15.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 23 | 30 | +30.4% |
2 Bedrooms | 27 | 29 | +7.4% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 92108 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30.4%, 2 bedroom homes increased by 7.4%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 21 | +10.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 92108 in April 2024, up by 10.5% month-over-month. Of the 21 sold homes, 43% were sold under asking, 19% were sold at asking, and 38% were sold over asking.
Days on Market for 92108, CA
How long does it take to sell a home in 92108, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 21 Days | -14.8% |
Summary: Homes in 92108 had an average of 21 days on market in Apr 2024, down by 14.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in 92108; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.