Is 92405, 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, 92405 has remained a Seller's Market.
Housing Prices in 92405, CA
How much do homes in 92405, CA cost?
Median Sold Price
$440,000
$346/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92405 was $440,000 in March 2024, up 2.3% from last year, and the median price per square foot was $346.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $267.5K | $280K | +4.7% |
2 Bedrooms | $398K | $395K | -0.8% |
3 Bedrooms | $448.5K | $460K | +2.6% |
4 Bedrooms | $478K | $540K | +13.0% |
5+ Bedrooms | $581.5K | $553K | -4.9% |
Summary: 92405 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 4.9%.
Housing Supply in 92405, CA
How many homes are available in 92405, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
68 | 65 | -4.4% |
Summary: The 92405 real estate market had 65 homes for sale in March 2024, a 4.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 26 | 24 | -7.7% |
3 Bedrooms | 24 | 22 | -8.3% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The 92405 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 decreased by 7.7%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 18 | -5.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 92405 in March 2024, down by 5.3% month-over-month. Of the 18 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for 92405, CA
How long does it take to sell a home in 92405, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 59 Days | +135.9% |
Summary: Homes in 92405 had an average of 59 days on market in Mar 2024, up by 135.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 92405; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.