Is 92284, 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, 92284 was a Seller's Market.
Key Takeaway
92284 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 92284, CA
How much do homes in 92284, CA cost?
Median Sold Price
$370,750
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 92284 have sold for 5.7% less than they did a year ago.
Summary: The median home sold price in 92284 was $370,750 in March 2024, down 5.7% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $267.5K | -0.9% |
| 2 Bedrooms | $320K | $317.5K | -0.8% |
| 3 Bedrooms | $415K | $385K | -7.2% |
| 4 Bedrooms | $530K | $470.7K | -11.2% |
| 5+ Bedrooms | $780K | $582.5K | -25.3% |
Summary: 92284 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes decreased by 25.3%.
Housing Supply in 92284, CA
How many homes are available in 92284, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 235 | 273 | +16.2% |
Summary: The 92284 real estate market had 273 homes for sale in March 2024, a 16.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 14 | +16.7% |
| 2 Bedrooms | 72 | 85 | +18.1% |
| 3 Bedrooms | 112 | 124 | +10.7% |
| 4 Bedrooms | 33 | 41 | +24.2% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The 92284 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 30 | +7.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92284, you may be able to get a good deal. 63.3% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in 92284 in March 2024, up by 7.1% month-over-month. Of the 30 sold homes, 63% were sold under asking, 17% were sold at asking, and 20% were sold over asking.
Days on Market for 92284, CA
How long does it take to sell a home in 92284, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 72 Days | 54 Days | -25.2% |
Summary: Homes in 92284 had an average of 54 days on market in Mar 2024, down by 25.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 92284 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 30 homes were sold in 92284; 43% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 27% 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. 
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