Is 92253, 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, 92253 has remained a Seller's Market.
Key Takeaway
92253 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92253, CA
How much do homes in 92253, CA cost?
Median Sold Price
$804,592
$390/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 92253 have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in 92253 was $804,592 in April 2024, up 4.1% from last year, and the median price per square foot was $390.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320.7K | $315K | -1.8% |
| 2 Bedrooms | $555K | $542.5K | -2.3% |
| 3 Bedrooms | $749.5K | $782K | +4.3% |
| 4 Bedrooms | $1.3M | $1.4M | +4.1% |
| 5+ Bedrooms | $2.1M | $2.8M | +30.1% |
Summary: 92253 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 30.1%.
Housing Supply in 92253, CA
How many homes are available in 92253, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 572 | 600 | +4.9% |
Summary: The 92253 real estate market had 600 homes for sale in April 2024, a 4.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 14 | +27.3% |
| 2 Bedrooms | 66 | 75 | +13.6% |
| 3 Bedrooms | 328 | 337 | +2.7% |
| 4 Bedrooms | 131 | 139 | +6.1% |
| 5+ Bedrooms | 36 | 35 | -2.8% |
Summary: The 92253 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 2.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 111 | 116 | +4.5% |
Asking Price vs. Sold Price
83 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92253, you may be able to get a good deal. 71.6% of homes here sold below asking price last month.
Summary: A total of 116 homes were sold or pending in 92253 in April 2024, up by 4.5% month-over-month. Of the 116 sold homes, 72% were sold under asking, 13% were sold at asking, and 16% were sold over asking.
Days on Market for 92253, CA
How long does it take to sell a home in 92253, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 61 Days | 65 Days | +7.5% |
Summary: Homes in 92253 had an average of 65 days on market in Apr 2024, up by 7.5% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 92253 has remained consistent over time.
Summary: During April 2024, 116 homes were sold in 92253; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 23% 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.