Is 92109, 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, 92109 has remained a Seller's Market.
Housing Prices in 92109, CA
How much do homes in 92109, CA cost?
Median Sold Price
$1,516,666
$1,027/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 92109 was $1,516,666 in April 2024, up 20.1% from last year, and the median price per square foot was $1,027.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $530K | $550K | +3.8% |
2 Bedrooms | $979K | $1.2M | +25.1% |
3 Bedrooms | $1.6M | $1.7M | +6.7% |
4 Bedrooms | $2.0M | $2.3M | +13.3% |
5+ Bedrooms | $2.5M | $2.6M | +4.1% |
Summary: 92109 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 25.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 4.1%.
Housing Supply in 92109, CA
How many homes are available in 92109, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
86 | 105 | +22.1% |
Summary: The 92109 real estate market had 105 homes for sale in April 2024, a 22.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 27 | 40 | +48.1% |
3 Bedrooms | 28 | 34 | +21.4% |
4 Bedrooms | 13 | 12 | -7.7% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 92109 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 48.1%, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 29 | +52.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 92109 in April 2024, up by 52.6% month-over-month. Of the 29 sold homes, 52% were sold under asking, 24% were sold at asking, and 24% were sold over asking.
Days on Market for 92109, CA
How long does it take to sell a home in 92109, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 26 Days | 0.3% |
Summary: Homes in 92109 had an average of 26 days on market in Apr 2024, up by 0.3% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in 92109; 72% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.