Is 92234, 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, 92234 was a Seller's Market.
Housing Prices in 92234, CA
How much do homes in 92234, CA cost?
Median Sold Price
$490,000
$297/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in 92234 was $490,000 in April 2024, the same as last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270.5K | $265.3K | -1.9% |
2 Bedrooms | $375K | $370K | -1.3% |
3 Bedrooms | $509.9K | $502.1K | -1.5% |
4 Bedrooms | $621.9K | $575K | -7.5% |
5+ Bedrooms | $714K | $660K | -7.6% |
Summary: 92234 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 7.6%.
Housing Supply in 92234, CA
How many homes are available in 92234, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
232 | 257 | +10.8% |
Summary: The 92234 real estate market had 257 homes for sale in April 2024, a 10.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 12 | -7.7% |
2 Bedrooms | 65 | 74 | +13.8% |
3 Bedrooms | 89 | 98 | +10.1% |
4 Bedrooms | 56 | 61 | +8.9% |
5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The 92234 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 39 | -7.1% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in 92234 in April 2024, down by 7.1% month-over-month. Of the 39 sold homes, 54% were sold under asking, 28% were sold at asking, and 18% were sold over asking.
Days on Market for 92234, CA
How long does it take to sell a home in 92234, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 46 Days | +5.6% |
Summary: Homes in 92234 had an average of 46 days on market in Apr 2024, up by 5.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 39 homes were sold in 92234; 49% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.