Is 92507, 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, 92507 has remained a Seller's Market.
Housing Prices in 92507, CA
How much do homes in 92507, CA cost?
Median Sold Price
$595,167
$374/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92507 was $595,167 in March 2024, up 8.5% from last year, and the median price per square foot was $374.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $299.9K | $325K | +8.3% |
2 Bedrooms | $360K | $430K | +19.4% |
3 Bedrooms | $560K | $585K | +4.5% |
4 Bedrooms | $609K | $655.9K | +7.7% |
5+ Bedrooms | $690K | $707.5K | +2.5% |
Summary: 92507 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 2.5%.
Housing Supply in 92507, CA
How many homes are available in 92507, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
121 | 114 | -5.8% |
Summary: The 92507 real estate market had 114 homes for sale in March 2024, a 5.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 14 | 14 | 0.0% |
3 Bedrooms | 41 | 45 | +9.8% |
4 Bedrooms | 50 | 38 | -24.0% |
5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The 92507 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 24%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 28 | -9.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in 92507 in March 2024, down by 9.7% month-over-month. Of the 28 sold homes, 29% were sold under asking, 18% were sold at asking, and 54% were sold over asking.
Days on Market for 92507, CA
How long does it take to sell a home in 92507, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 34 Days | -9.6% |
Summary: Homes in 92507 had an average of 34 days on market in Mar 2024, down by 9.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in 92507; 46% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.