Is 92223, 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, 92223 has remained a Seller's Market.
Key Takeaway
92223 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92223, CA
How much do homes in 92223, CA cost?
Median Sold Price
$508,387
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 92223 have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in 92223 was $508,387 in March 2024, down 1.3% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $242.5K | -11.8% |
| 2 Bedrooms | $420K | $419K | -0.2% |
| 3 Bedrooms | $490K | $485.9K | -0.8% |
| 4 Bedrooms | $546.5K | $543K | -0.7% |
| 5+ Bedrooms | $590K | $610K | +3.4% |
Summary: 92223 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 3.4%.
Housing Supply in 92223, CA
How many homes are available in 92223, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 245 | 249 | +1.6% |
Summary: The 92223 real estate market had 249 homes for sale in March 2024, a 1.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 50 | 50 | 0.0% |
| 3 Bedrooms | 63 | 66 | +4.8% |
| 4 Bedrooms | 94 | 94 | 0.0% |
| 5+ Bedrooms | 37 | 38 | +2.7% |
Summary: The 92223 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 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 2.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 52 | 48 | -7.7% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92223, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in 92223 in March 2024, down by 7.7% month-over-month. Of the 48 sold homes, 46% were sold under asking, 25% were sold at asking, and 29% were sold over asking.
Days on Market for 92223, CA
How long does it take to sell a home in 92223, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 61 Days | 48 Days | -21.0% |
Summary: Homes in 92223 had an average of 48 days on market in Mar 2024, down by 21% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 92223 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 48 homes were sold in 92223; 52% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 17% 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.