Is 92256, 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, 92256 was a Seller's Market.
Key Takeaway
92256 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 92256, CA
How much do homes in 92256, CA cost?
Median Sold Price
$322,500
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 92256 have sold for 12.2% less than they did a year ago.
Summary: The median home sold price in 92256 was $322,500 in March 2024, down 12.2% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $349K | $267.5K | -23.4% |
| 2 Bedrooms | $318K | $294.5K | -7.4% |
| 3 Bedrooms | $392.5K | $380K | -3.2% |
| 4 Bedrooms | $374.5K | $404.7K | +8.1% |
| 5+ Bedrooms | $822.5K | - | N/A |
Summary: 92256 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.4%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 92284 | $393K | $370.7K | -5.7% |
| 92256 | $367.5K | $322.5K | -12.2% |
Housing Supply in 92256, CA
How many homes are available in 92256, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 26 | +23.8% |
Summary: The 92256 real estate market had 26 homes for sale in March 2024, a 23.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 8 | 12 | +50.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 92256 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
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 92256, 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 92256 in March 2024, up by 50.0% 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 92256, CA
How long does it take to sell a home in 92256, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 69 Days | 69 Days | 0.3% |
Summary: Homes in 92256 had an average of 69 days on market in Mar 2024, up by 0.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 92256 has remained consistent over time.
Summary: During March 2024, 3 homes were sold in 92256; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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.