Is 92201, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 92201 was a Seller's Market.
Key Takeaway
92201 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 92201, CA
How much do homes in 92201, CA cost?
Median Sold Price
$515,333
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 92201 have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in 92201 was $515,333 in April 2024, down 2.9% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $216K | -1.8% |
| 2 Bedrooms | $459K | $452.5K | -1.4% |
| 3 Bedrooms | $520K | $515K | -1.0% |
| 4 Bedrooms | $625K | $555K | -11.2% |
| 5+ Bedrooms | $780.5K | $755K | -3.3% |
Summary: 92201 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes decreased by 3.3%.
Housing Supply in 92201, CA
How many homes are available in 92201, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 257 | 282 | +9.7% |
Summary: The 92201 real estate market had 282 homes for sale in April 2024, a 9.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 71 | 70 | -1.4% |
| 3 Bedrooms | 101 | 112 | +10.9% |
| 4 Bedrooms | 54 | 64 | +18.5% |
| 5+ Bedrooms | 27 | 33 | +22.2% |
Summary: The 92201 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 47 | -6.0% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92201, you may be able to get a good deal. 70.2% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in 92201 in April 2024, down by 6.0% month-over-month. Of the 47 sold homes, 70% were sold under asking, 26% were sold at asking, and 4% were sold over asking.
Days on Market for 92201, CA
How long does it take to sell a home in 92201, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 63 Days | +36.7% |
Summary: Homes in 92201 had an average of 63 days on market in Apr 2024, up by 36.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 92201 has remained consistent over time.
Summary: During April 2024, 47 homes were sold in 92201; 32% of homes were sold within 30 days, 49% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.