Is 92131, 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, 92131 has remained a Seller's Market.
Housing Prices in 92131, CA
How much do homes in 92131, CA cost?
Median Sold Price
$1,460,000
$637/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92131 was $1,460,000 in March 2024, up 9.4% from last year, and the median price per square foot was $637.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $479K | - | N/A |
2 Bedrooms | $675K | $695K | +3.0% |
3 Bedrooms | $1.0M | $1.0M | +3.9% |
4 Bedrooms | $1.4M | $1.5M | +9.7% |
5+ Bedrooms | $2.0M | $2.0M | -1.7% |
Summary: 92131 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 3%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 1.7%.
Housing Supply in 92131, CA
How many homes are available in 92131, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 36 | +16.1% |
Summary: The 92131 real estate market had 36 homes for sale in March 2024, a 16.1% increase 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 | 4 | 4 | 0.0% |
3 Bedrooms | 8 | 14 | +75.0% |
4 Bedrooms | 13 | 12 | -7.7% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 92131 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 remained the same, 3 bedroom homes increased by 75%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 12 | -7.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 92131 in March 2024, down by 7.7% month-over-month. Of the 12 sold homes, 17% were sold under asking, 25% were sold at asking, and 58% were sold over asking.
Days on Market for 92131, CA
How long does it take to sell a home in 92131, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 7 Days | -76.9% |
Summary: Homes in 92131 had an average of 7 days on market in Mar 2024, down by 76.9% 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 92131; 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.