Is 92241, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 92241 was a Seller's Market.
Key Takeaway
92241 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 92241, CA
How much do homes in 92241, CA cost?
Median Sold Price
$448,000
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 92241 have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in 92241 was $448,000 in March 2024, up 4.8% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $259.5K | $266.2K | +2.6% |
| 2 Bedrooms | $357.3K | $412K | +15.3% |
| 3 Bedrooms | $461K | $530K | +15.0% |
| 4 Bedrooms | $625K | $530K | -15.2% |
| 5+ Bedrooms | $865K | $567K | -34.5% |
Summary: 92241 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes decreased by 34.5%.
Housing Supply in 92241, CA
How many homes are available in 92241, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 29 | -3.3% |
Summary: The 92241 real estate market had 29 homes for sale in March 2024, a 3.3% decrease 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 92241 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 25%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92241, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 92241 in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 92241, CA
How long does it take to sell a home in 92241, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 78 Days | +63.2% |
Summary: Homes in 92241 had an average of 78 days on market in Mar 2024, up by 63.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 92241 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 3 homes were sold in 92241; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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.