Is 92121, 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, 92121 has remained a Seller's Market.
Key Takeaway
92121 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92121, CA
How much do homes in 92121, CA cost?
Median Sold Price
$1,265,000
$670/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 92121 have sold for 22.3% more than they did a year ago.
Summary: The median home sold price in 92121 was $1,265,000 in March 2024, up 22.3% from last year, and the median price per square foot was $670.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $792.5K | $829K | +4.6% |
| 3 Bedrooms | $890K | $965K | +8.4% |
| 4 Bedrooms | $1.5M | $1.6M | +11.6% |
| 5+ Bedrooms | $1.7M | $1.6M | -7.1% |
Summary: 92121 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 7.1%.
Housing Supply in 92121, CA
How many homes are available in 92121, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Summary: The 92121 real estate market had 5 homes for sale in March 2024, a 44.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 92121 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 92121, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 92121 in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 92121, CA
How long does it take to sell a home in 92121, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 80 Days | +55.8% |
Summary: Homes in 92121 had an average of 80 days on market in Mar 2024, up by 55.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 92121 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in 92121; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
