Is 92308, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92308 is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 92308 was a Neutral Market.

Key Takeaway

92308 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92308, CA

How much do homes in 92308, CA cost?

Median Sold Price

$389,956

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$5,043(-1.3%)

Key Takeaway

Homes in 92308 have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in 92308 was $389,956 in February 2024, down 1.3% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $155K$155K
0.0%
2 $334K$330K
-1.2%
3 $382.8K$380.6K
-0.6%
4 $491.5K$485K
-1.3%
5+ $583.7K$593.5K
+1.7%

Summary: 92308 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.2%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Zip Codes

92345
+1.4%
92341
-1.2%
92308
-1.3%
92395
-1.4%
92352
-3.4%

Housing Supply in 92308, CA

How many homes are available in 92308, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
168167-0.6%

Summary: The 92308 real estate market had 167 homes for sale in February 2024, a 0.6% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 34
+33.3%
2 3638
+5.6%
3 7770
-9.1%
4 3841
+7.9%
5+ 1414
0.0%

Summary: The 92308 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
4334-20.9%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92308, you could pay more than the asking price. 41.2% of homes here sold above asking price last month.

Summary: A total of 34 homes were sold or pending in 92308 in February 2024, down by 20.9% month-over-month. Of the 34 sold homes, 29% were sold under asking, 29% were sold at asking, and 41% were sold over asking.

Days on Market for 92308, CA

How long does it take to sell a home in 92308, CA?

Average Sale Time

Feb 2023Feb 2024CHANGE
50 Days43 Days-12.7%

Summary: Homes in 92308 had an average of 43 days on market in Feb 2024, down by 12.7% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92308 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 34 homes were sold in 92308; 53% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 92308, CA

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