Is 92397, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 92397 was a Seller's Market.
Housing Prices in 92397, CA
How much do homes in 92397, CA cost?
Median Sold Price
$439,500
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92397 was $439,500 in March 2024, down 3.4% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $369K | $275K | -25.5% |
2 Bedrooms | $381K | $380.7K | -0.1% |
3 Bedrooms | $495K | $474.5K | -4.1% |
4 Bedrooms | $568.2K | $515K | -9.4% |
5+ Bedrooms | $675K | $632.4K | -6.3% |
Summary: 92397 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.5%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes decreased by 6.3%.
Median Sold Price Compared To Nearby Zip Codes
92371 | $450K | $454.5K | +1.0% |
92397 | $455K | $439.5K | -3.4% |
Housing Supply in 92397, CA
How many homes are available in 92397, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 47 | +20.5% |
Summary: The 92397 real estate market had 47 homes for sale in March 2024, a 20.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 18 | 26 | +44.4% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 92397 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 44.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 7 | +250.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 92397 in March 2024, up by 250.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.
Days on Market for 92397, CA
How long does it take to sell a home in 92397, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
122 Days | 74 Days | -39.3% |
Summary: Homes in 92397 had an average of 74 days on market in Mar 2024, down by 39.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in 92397; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.