Is 92123, 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, 92123 has remained a Seller's Market.
Housing Prices in 92123, CA
How much do homes in 92123, CA cost?
Median Sold Price
$947,166
$634/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 92123 was $947,166 in April 2024, up 6.4% from last year, and the median price per square foot was $634.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $382K | $390K | +2.1% |
2 Bedrooms | $690K | $600K | -13.0% |
3 Bedrooms | $915K | $973K | +6.3% |
4 Bedrooms | $952.5K | $1.0M | +9.4% |
5+ Bedrooms | $1.2M | $1.2M | +1.2% |
Summary: 92123 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes decreased by 13%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 1.2%.
Housing Supply in 92123, CA
How many homes are available in 92123, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
57 | 73 | +28.1% |
Summary: The 92123 real estate market had 73 homes for sale in April 2024, a 28.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 11 | 9 | -18.2% |
3 Bedrooms | 29 | 41 | +41.4% |
4 Bedrooms | 14 | 19 | +35.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 92123 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 41.4%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 26 | +62.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 92123 in April 2024, up by 62.5% month-over-month. Of the 26 sold homes, 35% were sold under asking, 12% were sold at asking, and 54% were sold over asking.
Days on Market for 92123, CA
How long does it take to sell a home in 92123, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 13 Days | -41.2% |
Summary: Homes in 92123 had an average of 13 days on market in Apr 2024, down by 41.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in 92123; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.