Is 92505, 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, 92505 has remained a Seller's Market.
Housing Prices in 92505, CA
How much do homes in 92505, CA cost?
Median Sold Price
$630,000
$375/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92505 was $630,000 in March 2024, up 5% from last year, and the median price per square foot was $375.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $282K | $552K | +95.7% |
2 Bedrooms | $432.5K | $490K | +13.3% |
3 Bedrooms | $572.5K | $585K | +2.2% |
4 Bedrooms | $620.5K | $668.5K | +7.7% |
5+ Bedrooms | $755K | $722.5K | -4.3% |
Summary: 92505 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 95.7%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 4.3%.
Housing Supply in 92505, CA
How many homes are available in 92505, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
62 | 61 | -1.6% |
Summary: The 92505 real estate market had 61 homes for sale in March 2024, a 1.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 20 | 15 | -25.0% |
4 Bedrooms | 29 | 31 | +6.9% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The 92505 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 increased by 33.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 15 | -34.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 92505 in March 2024, down by 34.8% month-over-month. Of the 15 sold homes, 47% were sold under asking, 20% were sold at asking, and 33% were sold over asking.
Days on Market for 92505, CA
How long does it take to sell a home in 92505, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 44 Days | +158.4% |
Summary: Homes in 92505 had an average of 44 days on market in Mar 2024, up by 158.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in 92505; 47% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.