Is 92314, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92314 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 92314 was a Seller's Market.

Key Takeaway

92314 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 92314, CA

How much do homes in 92314, CA cost?

Median Sold Price

$422,083

$382/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$21,250(-4.8%)

Key Takeaway

Homes in 92314 have sold for 4.8% less than they did a year ago.

Summary: The median home sold price in 92314 was $422,083 in February 2024, down 4.8% from last year, and the median price per square foot was $382.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $305K$249.9K
-18.0%
2 $376.8K$377K
0.1%
3 $530K$523.2K
-1.3%
4 $674.9K$630K
-6.7%
5+ $850K$775K
-8.8%

Summary: 92314 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18%, 2 bedroom homes increased by 0.1%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 8.8%.

Median Sold Price Compared To Nearby Zip Codes

92333
-4.2%
92315
-4.7%
92314
-4.8%
92386
-10.8%

Housing Supply in 92314, CA

How many homes are available in 92314, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
210242+15.2%

Summary: The 92314 real estate market had 242 homes for sale in February 2024, a 15.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 1920
+5.3%
2 6680
+21.2%
3 8391
+9.6%
4 2631
+19.2%
5+ 1620
+25.0%

Summary: The 92314 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2832+14.3%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92314, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in 92314 in February 2024, up by 14.3% month-over-month. Of the 32 sold homes, 69% were sold under asking, 19% were sold at asking, and 13% were sold over asking.

Days on Market for 92314, CA

How long does it take to sell a home in 92314, CA?

Average Sale Time

Feb 2023Feb 2024CHANGE
44 Days90 Days+101.8%

Summary: Homes in 92314 had an average of 90 days on market in Feb 2024, up by 101.8% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 92314 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 32 homes were sold in 92314; 34% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 38% 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

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