Is 92314, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 92314 was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $305K | $249.9K | -18.0% |
2 Bedrooms | $376.8K | $377K | 0.1% |
3 Bedrooms | $530K | $523.2K | -1.3% |
4 Bedrooms | $674.9K | $630K | -6.7% |
5+ Bedrooms | $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%.
Housing Supply in 92314, CA
How many homes are available in 92314, CA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
210 | 242 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 20 | +5.3% |
2 Bedrooms | 66 | 80 | +21.2% |
3 Bedrooms | 83 | 91 | +9.6% |
4 Bedrooms | 26 | 31 | +19.2% |
5+ Bedrooms | 16 | 20 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
28 | 32 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
44 Days | 90 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
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.