Is 92124, 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, 92124 has remained a Seller's Market.
Housing Prices in 92124, CA
How much do homes in 92124, CA cost?
Median Sold Price
$930,000
$585/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92124 was $930,000 in March 2024, down 2.1% from last year, and the median price per square foot was $585.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $495K | $517K | +4.4% |
2 Bedrooms | $697K | $725K | +4.0% |
3 Bedrooms | $904.5K | $899.9K | -0.5% |
4 Bedrooms | $1.1M | $1.1M | +3.1% |
5+ Bedrooms | $1.2M | $1.2M | -1.6% |
Summary: 92124 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 4%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 1.6%.
Housing Supply in 92124, CA
How many homes are available in 92124, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 31 | 0.0% |
Summary: The 92124 real estate market had 31 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 12 | 10 | -16.7% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 92124 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 12 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 92124 in March 2024, down by 14.3% month-over-month. Of the 12 sold homes, 17% were sold under asking, 8% were sold at asking, and 75% were sold over asking.
Days on Market for 92124, CA
How long does it take to sell a home in 92124, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 8 Days | -53.6% |
Summary: Homes in 92124 had an average of 8 days on market in Mar 2024, down by 53.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in 92124; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.