Is 92395, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92395 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 92395 has remained a Seller's Market.

Key Takeaway

92395 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92395, CA

How much do homes in 92395, CA cost?

Median Sold Price

$396,833

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$2,208(+0.6%)

Key Takeaway

Homes in 92395 have sold for 0.6% more than they did a year ago.

Summary: The median home sold price in 92395 was $396,833 in March 2024, up 0.6% from last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $152.5K$190K
+24.6%
2 $290K$300K
+3.4%
3 $380K$395K
+3.9%
4 $430K$425K
-1.2%
5+ $511.1K$487.4K
-4.6%

Summary: 92395 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.6%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 4.6%.

Median Sold Price Compared To Nearby Zip Codes

92307
+3.7%
92345
+2.5%
92392
+2.3%
92395
+0.6%
92394
-1.0%

Housing Supply in 92395, CA

How many homes are available in 92395, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
147142-3.4%

Summary: The 92395 real estate market had 142 homes for sale in March 2024, a 3.4% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 1516
+6.7%
3 7871
-9.0%
4 4340
-7.0%
5+ 1114
+27.3%

Summary: The 92395 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 9%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 27.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3247+46.9%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92395, you could pay more than the asking price. 44.7% of homes here sold above asking price last month.

Summary: A total of 47 homes were sold or pending in 92395 in March 2024, up by 46.9% month-over-month. Of the 47 sold homes, 30% were sold under asking, 26% were sold at asking, and 45% were sold over asking.

Days on Market for 92395, CA

How long does it take to sell a home in 92395, CA?

Average Sale Time

Mar 2023Mar 2024CHANGE
52 Days35 Days-32.1%

Summary: Homes in 92395 had an average of 35 days on market in Mar 2024, down by 32.1% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92395 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 47 homes were sold in 92395; 57% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 11% 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 26 Days Ago

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