Is 92117, 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, 92117 has remained a Seller's Market.
Housing Prices in 92117, CA
How much do homes in 92117, CA cost?
Median Sold Price
$1,050,000
$747/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92117 was $1,050,000 in March 2024, up 5.7% from last year, and the median price per square foot was $747.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $435K | $442.5K | +1.7% |
2 Bedrooms | $595K | $720K | +21.0% |
3 Bedrooms | $991K | $1.0M | +4.9% |
4 Bedrooms | $1.1M | $1.2M | +2.5% |
5+ Bedrooms | $1.2M | $1.4M | +14.2% |
Summary: 92117 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 21%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 14.2%.
Housing Supply in 92117, CA
How many homes are available in 92117, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
70 | 74 | +5.7% |
Summary: The 92117 real estate market had 74 homes for sale in March 2024, a 5.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 19 | 13 | -31.6% |
3 Bedrooms | 26 | 29 | +11.5% |
4 Bedrooms | 18 | 25 | +38.9% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The 92117 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 31.6%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 32 | +39.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 92117 in March 2024, up by 39.1% month-over-month. Of the 32 sold homes, 28% were sold under asking, 16% were sold at asking, and 56% were sold over asking.
Days on Market for 92117, CA
How long does it take to sell a home in 92117, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 20 Days | -20.4% |
Summary: Homes in 92117 had an average of 20 days on market in Mar 2024, down by 20.4% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 32 homes were sold in 92117; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.