Is 92503, 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, 92503 has remained a Seller's Market.
Housing Prices in 92503, CA
How much do homes in 92503, CA cost?
Median Sold Price
$625,000
$377/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92503 was $625,000 in March 2024, up 4.2% from last year, and the median price per square foot was $377.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $255K | N/A |
2 Bedrooms | $387K | $477.5K | +23.4% |
3 Bedrooms | $560K | $585K | +4.5% |
4 Bedrooms | $650K | $687.5K | +5.8% |
5+ Bedrooms | $903K | $855K | -5.3% |
Summary: 92503 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 5.3%.
Housing Supply in 92503, CA
How many homes are available in 92503, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
131 | 145 | +10.7% |
Summary: The 92503 real estate market had 145 homes for sale in March 2024, a 10.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 55 | 58 | +5.5% |
4 Bedrooms | 46 | 55 | +19.6% |
5+ Bedrooms | 22 | 26 | +18.2% |
Summary: The 92503 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 44 | +37.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in 92503 in March 2024, up by 37.5% month-over-month. Of the 44 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for 92503, CA
How long does it take to sell a home in 92503, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 35 Days | -1.6% |
Summary: Homes in 92503 had an average of 35 days on market in Mar 2024, down by 1.6% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 44 homes were sold in 92503; 70% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.