Is 92508, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 92508 has remained a Seller's Market.
Housing Prices in 92508, CA
How much do homes in 92508, CA cost?
Median Sold Price
$743,000
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 92508 was $743,000 in April 2024, up 3.3% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $329K | - | N/A |
2 Bedrooms | $369.5K | $402K | +8.8% |
3 Bedrooms | $649.9K | $652.5K | 0.4% |
4 Bedrooms | $725K | $737.2K | +1.7% |
5+ Bedrooms | $801K | $836.8K | +4.5% |
Summary: 92508 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 4.5%.
Housing Supply in 92508, CA
How many homes are available in 92508, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 76 | +7.0% |
Summary: The 92508 real estate market had 76 homes for sale in April 2024, a 7.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 12 | 12 | 0.0% |
4 Bedrooms | 36 | 38 | +5.6% |
5+ Bedrooms | 21 | 24 | +14.3% |
Summary: The 92508 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 25 | +127.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in 92508 in April 2024, up by 127.3% month-over-month. Of the 25 sold homes, 20% were sold under asking, 12% were sold at asking, and 68% were sold over asking.
Days on Market for 92508, CA
How long does it take to sell a home in 92508, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 35 Days | +53.8% |
Summary: Homes in 92508 had an average of 35 days on market in Apr 2024, up by 53.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in 92508; 72% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.