Is 92220, 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, 92220 has remained a Seller's Market.
Housing Prices in 92220, CA
How much do homes in 92220, CA cost?
Median Sold Price
$375,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92220 was $375,000 in March 2024, down 3.4% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | $165.5K | -33.8% |
2 Bedrooms | $365K | $355K | -2.7% |
3 Bedrooms | $390K | $390K | 0.0% |
4 Bedrooms | $491.5K | $510K | +3.8% |
5+ Bedrooms | $467.5K | $415K | -11.2% |
Summary: 92220 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.8%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 11.2%.
Housing Supply in 92220, CA
How many homes are available in 92220, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
132 | 136 | +3.0% |
Summary: The 92220 real estate market had 136 homes for sale in March 2024, a 3.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 59 | 66 | +11.9% |
3 Bedrooms | 55 | 53 | -3.6% |
4 Bedrooms | 13 | 12 | -7.7% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 92220 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 11.9%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 32 | +18.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 92220 in March 2024, up by 18.5% month-over-month. Of the 32 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for 92220, CA
How long does it take to sell a home in 92220, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
59 Days | 34 Days | -42.7% |
Summary: Homes in 92220 had an average of 34 days on market in Mar 2024, down by 42.7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 32 homes were sold in 92220; 72% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.