Is 92120, 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, 92120 has remained a Seller's Market.
Housing Prices in 92120, CA
How much do homes in 92120, CA cost?
Median Sold Price
$988,300
$598/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92120 was $988,300 in March 2024, up 5.6% from last year, and the median price per square foot was $598.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $398K | $410K | +3.0% |
2 Bedrooms | $513.5K | $600K | +16.8% |
3 Bedrooms | $910K | $955K | +4.9% |
4 Bedrooms | $1.1M | $1.2M | +6.2% |
5+ Bedrooms | $1.2M | $1.3M | +5.3% |
Summary: 92120 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 5.3%.
Housing Supply in 92120, CA
How many homes are available in 92120, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
61 | 65 | +6.6% |
Summary: The 92120 real estate market had 65 homes for sale in March 2024, a 6.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 24 | 26 | +8.3% |
4 Bedrooms | 19 | 18 | -5.3% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 92120 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 28 | +40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in 92120 in March 2024, up by 40.0% month-over-month. Of the 28 sold homes, 21% were sold under asking, 18% were sold at asking, and 61% were sold over asking.
Days on Market for 92120, CA
How long does it take to sell a home in 92120, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 10 Days | -57.8% |
Summary: Homes in 92120 had an average of 10 days on market in Mar 2024, down by 57.8% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in 92120; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.