Is 92203, 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, 92203 has remained a Seller's Market.
Key Takeaway
92203 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92203, CA
How much do homes in 92203, CA cost?
Median Sold Price
$549,225
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 92203 have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in 92203 was $549,225 in April 2024, down 3.6% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $495.5K | $472.5K | -4.7% |
| 3 Bedrooms | $595K | $582K | -2.2% |
| 4 Bedrooms | $605K | $605K | 0.0% |
| 5+ Bedrooms | $634.9K | $657.5K | +3.6% |
Summary: 92203 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.7%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 3.6%.
Housing Supply in 92203, CA
How many homes are available in 92203, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 245 | 264 | +7.8% |
Summary: The 92203 real estate market had 264 homes for sale in April 2024, a 7.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 82 | 85 | +3.7% |
| 3 Bedrooms | 76 | 80 | +5.3% |
| 4 Bedrooms | 68 | 74 | +8.8% |
| 5+ Bedrooms | 18 | 24 | +33.3% |
Summary: The 92203 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 47 | +30.6% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92203, you may be able to get a good deal. 51.1% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in 92203 in April 2024, up by 30.6% month-over-month. Of the 47 sold homes, 51% were sold under asking, 32% were sold at asking, and 17% were sold over asking.
Days on Market for 92203, CA
How long does it take to sell a home in 92203, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 70 Days | 51 Days | -27.6% |
Summary: Homes in 92203 had an average of 51 days on market in Apr 2024, down by 27.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 92203 has remained consistent over time.
Summary: During April 2024, 47 homes were sold in 92203; 34% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 13% 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.