Is 92211, 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, 92211 has remained a Seller's Market.
Housing Prices in 92211, CA
How much do homes in 92211, CA cost?
Median Sold Price
$540,000
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92211 was $540,000 in March 2024, down 6.1% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | $315K | -1.6% |
2 Bedrooms | $480K | $460K | -4.2% |
3 Bedrooms | $674.8K | $649.4K | -3.8% |
4 Bedrooms | $827.5K | $872.5K | +5.4% |
5+ Bedrooms | $885K | $832.5K | -5.9% |
Summary: 92211 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 5.9%.
Housing Supply in 92211, CA
How many homes are available in 92211, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
408 | 464 | +13.7% |
Summary: The 92211 real estate market had 464 homes for sale in March 2024, a 13.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 9 | +80.0% |
2 Bedrooms | 177 | 199 | +12.4% |
3 Bedrooms | 169 | 186 | +10.1% |
4 Bedrooms | 53 | 65 | +22.6% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 92211 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 80%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
68 | 98 | +44.1% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 98 homes were sold or pending in 92211 in March 2024, up by 44.1% month-over-month. Of the 98 sold homes, 60% were sold under asking, 19% were sold at asking, and 20% were sold over asking.
Days on Market for 92211, CA
How long does it take to sell a home in 92211, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
68 Days | 57 Days | -16.0% |
Summary: Homes in 92211 had an average of 57 days on market in Mar 2024, down by 16% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
50 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During March 2024, 98 homes were sold in 92211; 31% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.