Is 92240, 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, 92240 has remained a Seller's Market.
Key Takeaway
92240 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92240, CA
How much do homes in 92240, CA cost?
Median Sold Price
$386,777
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 92240 have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in 92240 was $386,777 in April 2024, up 1.9% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121K | $115.7K | -4.3% |
| 2 Bedrooms | $290K | $320K | +10.3% |
| 3 Bedrooms | $380K | $389.6K | +2.5% |
| 4 Bedrooms | $430K | $442.5K | +2.9% |
| 5+ Bedrooms | $489.8K | $575K | +17.4% |
Summary: 92240 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 17.4%.
Housing Supply in 92240, CA
How many homes are available in 92240, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 216 | 223 | +3.2% |
Summary: The 92240 real estate market had 223 homes for sale in April 2024, a 3.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 10 | +66.7% |
| 2 Bedrooms | 31 | 32 | +3.2% |
| 3 Bedrooms | 127 | 123 | -3.1% |
| 4 Bedrooms | 45 | 49 | +8.9% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 92240 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 41 | 38 | -7.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92240, you may be able to get a good deal. 44.7% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in 92240 in April 2024, down by 7.3% month-over-month. Of the 38 sold homes, 45% were sold under asking, 18% were sold at asking, and 37% were sold over asking.
Days on Market for 92240, CA
How long does it take to sell a home in 92240, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 59 Days | +7.8% |
Summary: Homes in 92240 had an average of 59 days on market in Apr 2024, up by 7.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 92240 has remained consistent over time.
Summary: During April 2024, 38 homes were sold in 92240; 32% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 26% 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.