Is 92345, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 92345 has remained a Seller's Market.
Housing Prices in 92345, CA
How much do homes in 92345, CA cost?
Median Sold Price
$430,000
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92345 was $430,000 in March 2024, up 2.5% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $233.5K | $285K | +22.0% |
2 Bedrooms | $330K | $350K | +6.1% |
3 Bedrooms | $400K | $420K | +5.0% |
4 Bedrooms | $491.3K | $500K | +1.8% |
5+ Bedrooms | $502.5K | $539.2K | +7.3% |
Summary: 92345 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 7.3%.
Housing Supply in 92345, CA
How many homes are available in 92345, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
252 | 264 | +4.8% |
Summary: The 92345 real estate market had 264 homes for sale in March 2024, a 4.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 16 | 16 | 0.0% |
3 Bedrooms | 125 | 134 | +7.2% |
4 Bedrooms | 93 | 98 | +5.4% |
5+ Bedrooms | 16 | 14 | -12.5% |
Summary: The 92345 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 79 | +97.5% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
44 Homes Were Sold
Over Asking
Summary: A total of 79 homes were sold or pending in 92345 in March 2024, up by 97.5% month-over-month. Of the 79 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for 92345, CA
How long does it take to sell a home in 92345, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 39 Days | -17.8% |
Summary: Homes in 92345 had an average of 39 days on market in Mar 2024, down by 17.8% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 79 homes were sold in 92345; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.