Is 92260, 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, 92260 has remained a Seller's Market.
Key Takeaway
92260 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92260, CA
How much do homes in 92260, CA cost?
Median Sold Price
$646,831
$365/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in 92260 has remained the same since last year.
Summary: The median home sold price in 92260 was $646,831 in April 2024, down 0.5% from last year, and the median price per square foot was $365.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $385K | +48.1% |
| 2 Bedrooms | $495K | $520K | +5.1% |
| 3 Bedrooms | $693.3K | $670.7K | -3.3% |
| 4 Bedrooms | $985K | $1.2M | +22.9% |
| 5+ Bedrooms | $1.7M | $1.3M | -19.9% |
Summary: 92260 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.1%, 2 bedroom homes increased by 5.1%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes decreased by 19.9%.
Housing Supply in 92260, CA
How many homes are available in 92260, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 351 | 356 | +1.4% |
Summary: The 92260 real estate market had 356 homes for sale in April 2024, a 1.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 114 | 113 | -0.9% |
| 3 Bedrooms | 149 | 152 | +2.0% |
| 4 Bedrooms | 59 | 60 | +1.7% |
| 5+ Bedrooms | 27 | 30 | +11.1% |
Summary: The 92260 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 70 | 67 | -4.3% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92260, you may be able to get a good deal. 73.1% of homes here sold below asking price last month.
Summary: A total of 67 homes were sold or pending in 92260 in April 2024, down by 4.3% month-over-month. Of the 67 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.
Days on Market for 92260, CA
How long does it take to sell a home in 92260, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 51 Days | 58 Days | +12.5% |
Summary: Homes in 92260 had an average of 58 days on market in Apr 2024, up by 12.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 92260 has remained consistent over time.
Summary: During April 2024, 67 homes were sold in 92260; 33% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 16% 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.