Is 92126, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92126 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 92126 has remained a Seller's Market.

Key Takeaway

92126 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92126, CA

How much do homes in 92126, CA cost?

Median Sold Price

$915,333

$658/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$65,333(+7.7%)

Key Takeaway

Homes in 92126 have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in 92126 was $915,333 in February 2024, up 7.7% from last year, and the median price per square foot was $658.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $420K$426.7K
+1.6%
2 $595K$603K
+1.3%
3 $920K$958K
+4.1%
4 $1.0M$1.0M
+4.4%
5+ $1.1M$1.1M
-0.8%

Summary: 92126 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 0.8%.

Median Sold Price Compared To Nearby Zip Codes

92126
+7.7%
92131
+6.8%
92122
-4.0%
92121
-7.7%

Housing Supply in 92126, CA

How many homes are available in 92126, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7072+2.9%

Summary: The 92126 real estate market had 72 homes for sale in February 2024, a 2.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 68
+33.3%
2 2024
+20.0%
3 1819
+5.6%
4 1714
-17.6%
5+ 97
-22.2%

Summary: The 92126 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2630+15.4%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92126, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 30 homes were sold or pending in 92126 in February 2024, up by 15.4% month-over-month. Of the 30 sold homes, 23% were sold under asking, 10% were sold at asking, and 67% were sold over asking.

Days on Market for 92126, CA

How long does it take to sell a home in 92126, CA?

Average Sale Time

Feb 2023Feb 2024CHANGE
36 Days9 Days-73.2%

Summary: Homes in 92126 had an average of 9 days on market in Feb 2024, down by 73.2% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92126 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 30 homes were sold in 92126; 97% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 92126, CA

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