Is 92307, 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, 92307 has remained a Seller's Market.
Housing Prices in 92307, CA
How much do homes in 92307, CA cost?
Median Sold Price
$435,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 92307 was $435,000 in April 2024, up 4.1% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $200K | -11.1% |
2 Bedrooms | $301.5K | $310K | +2.8% |
3 Bedrooms | $390K | $400K | +2.6% |
4 Bedrooms | $485K | $499.9K | +3.1% |
5+ Bedrooms | $567.5K | $596.5K | +5.1% |
Summary: 92307 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 5.1%.
Housing Supply in 92307, CA
How many homes are available in 92307, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
150 | 163 | +8.7% |
Summary: The 92307 real estate market had 163 homes for sale in April 2024, a 8.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 80 | 84 | +5.0% |
4 Bedrooms | 46 | 53 | +15.2% |
5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The 92307 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 38 | +15.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in 92307 in April 2024, up by 15.2% month-over-month. Of the 38 sold homes, 37% were sold under asking, 24% were sold at asking, and 39% were sold over asking.
Days on Market for 92307, CA
How long does it take to sell a home in 92307, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 37 Days | -22.6% |
Summary: Homes in 92307 had an average of 37 days on market in Apr 2024, down by 22.6% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 38 homes were sold in 92307; 68% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.