Is 92111, 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, 92111 has remained a Seller's Market.
Housing Prices in 92111, CA
How much do homes in 92111, CA cost?
Median Sold Price
$880,000
$650/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92111 was $880,000 in March 2024, up 7% from last year, and the median price per square foot was $650.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $393.7K | $435K | +10.5% |
2 Bedrooms | $655K | $647.5K | -1.1% |
3 Bedrooms | $870K | $947.5K | +8.9% |
4 Bedrooms | $1.0M | $1.0M | -2.3% |
5+ Bedrooms | $1.1M | $1.1M | -1.8% |
Summary: 92111 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 1.8%.
Housing Supply in 92111, CA
How many homes are available in 92111, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
62 | 60 | -3.2% |
Summary: The 92111 real estate market had 60 homes for sale in March 2024, a 3.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 18 | 11 | -38.9% |
3 Bedrooms | 26 | 29 | +11.5% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 92111 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 38.9%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 27 | +12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 92111 in March 2024, up by 12.5% month-over-month. Of the 27 sold homes, 19% were sold under asking, 7% were sold at asking, and 74% were sold over asking.
Days on Market for 92111, CA
How long does it take to sell a home in 92111, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
13 Days | 9 Days | -29.9% |
Summary: Homes in 92111 had an average of 9 days on market in Mar 2024, down by 29.9% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 92111; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.