Is 92504, 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, 92504 has remained a Seller's Market.
Key Takeaway
92504 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92504, CA
How much do homes in 92504, CA cost?
Median Sold Price
$608,000
$397/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 92504 have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in 92504 was $608,000 in March 2024, up 5.7% from last year, and the median price per square foot was $397.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $286.1K | N/A |
| 2 Bedrooms | $485K | $506K | +4.3% |
| 3 Bedrooms | $540K | $570K | +5.6% |
| 4 Bedrooms | $630K | $660K | +4.8% |
| 5+ Bedrooms | $1.1M | $1.2M | +6.0% |
Summary: 92504 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 4.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 6%.
Housing Supply in 92504, CA
How many homes are available in 92504, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 106 | 108 | +1.9% |
Summary: The 92504 real estate market had 108 homes for sale in March 2024, a 1.9% 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 | 8 | 5 | -37.5% |
| 3 Bedrooms | 44 | 49 | +11.4% |
| 4 Bedrooms | 34 | 31 | -8.8% |
| 5+ Bedrooms | 19 | 22 | +15.8% |
Summary: The 92504 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 decreased by 37.5%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 15.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 31 | +29.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92504, you could pay more than the asking price. 61.3% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in 92504 in March 2024, up by 29.2% month-over-month. Of the 31 sold homes, 29% were sold under asking, 10% were sold at asking, and 61% were sold over asking.
Days on Market for 92504, CA
How long does it take to sell a home in 92504, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 53 Days | 26 Days | -50.5% |
Summary: Homes in 92504 had an average of 26 days on market in Mar 2024, down by 50.5% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 92504 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 31 homes were sold in 92504; 77% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.