Is 92118, 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, 92118 has remained a Seller's Market.
Housing Prices in 92118, CA
How much do homes in 92118, CA cost?
Median Sold Price
$2,362,500
$1,431/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 92118 was $2,362,500 in April 2024, down 1.6% from last year, and the median price per square foot was $1,431.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.4M | $1.3M | -11.3% |
2 Bedrooms | $1.7M | $2.0M | +14.7% |
3 Bedrooms | $2.5M | $2.8M | +12.0% |
4 Bedrooms | $2.9M | $3.2M | +10.4% |
5+ Bedrooms | $5.4M | $5.0M | -8.3% |
Summary: 92118 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.3%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Zip Codes
91932 | $775K | $866K | +11.7% |
92118 | $2.4M | $2.3M | -1.6% |
Housing Supply in 92118, CA
How many homes are available in 92118, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
113 | 125 | +10.6% |
Summary: The 92118 real estate market had 125 homes for sale in April 2024, a 10.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 15 | +7.1% |
2 Bedrooms | 20 | 25 | +25.0% |
3 Bedrooms | 35 | 35 | 0.0% |
4 Bedrooms | 24 | 30 | +25.0% |
5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The 92118 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 26 | -3.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 92118 in April 2024, down by 3.7% month-over-month. Of the 26 sold homes, 50% were sold under asking, 23% were sold at asking, and 27% were sold over asking.
Days on Market for 92118, CA
How long does it take to sell a home in 92118, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
61 Days | 28 Days | -53.8% |
Summary: Homes in 92118 had an average of 28 days on market in Apr 2024, down by 53.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in 92118; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.