Is 92404, 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, 92404 has remained a Seller's Market.
Housing Prices in 92404, CA
How much do homes in 92404, CA cost?
Median Sold Price
$460,000
$335/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92404 was $460,000 in March 2024, up 1.1% from last year, and the median price per square foot was $335.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $200.5K | +11.4% |
2 Bedrooms | $380.9K | $360K | -5.5% |
3 Bedrooms | $450K | $460K | +2.2% |
4 Bedrooms | $514.9K | $525K | +2.0% |
5+ Bedrooms | $525K | $598.5K | +14.0% |
Summary: 92404 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.4%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 14%.
Housing Supply in 92404, CA
How many homes are available in 92404, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
118 | 134 | +13.6% |
Summary: The 92404 real estate market had 134 homes for sale in March 2024, a 13.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 20 | 22 | +10.0% |
3 Bedrooms | 53 | 61 | +15.1% |
4 Bedrooms | 28 | 33 | +17.9% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The 92404 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 increased by 10%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 32 | +33.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 92404 in March 2024, up by 33.3% month-over-month. Of the 32 sold homes, 34% were sold under asking, 13% were sold at asking, and 53% were sold over asking.
Days on Market for 92404, CA
How long does it take to sell a home in 92404, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 40 Days | -21.6% |
Summary: Homes in 92404 had an average of 40 days on market in Mar 2024, down by 21.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 32 homes were sold in 92404; 63% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.