Is 92549, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92549 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 92549 was a Buyer's Market.

Key Takeaway

92549 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 92549, CA

How much do homes in 92549, CA cost?

Median Sold Price

$518,500

$382/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$11,500(-2.2%)

Key Takeaway

Homes in 92549 have sold for 2.2% less than they did a year ago.

Summary: The median home sold price in 92549 was $518,500 in April 2024, down 2.2% from last year, and the median price per square foot was $382.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $440K$342K
-22.3%
2 $466K$482.5K
+3.5%
3 $575K$560K
-2.6%
4 $615K$725K
+17.9%
5+ $900K$675K
-25.0%

Summary: 92549 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.3%, 2 bedroom homes increased by 3.5%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 25%.

Median Sold Price Compared To Nearby Zip Codes

92561
+23.1%
92262
+1.9%
92544
+1.1%
92549
-2.2%
92220
-2.8%

Housing Supply in 92549, CA

How many homes are available in 92549, CA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
78101+29.5%

Summary: The 92549 real estate market had 101 homes for sale in April 2024, a 29.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 35
+66.7%
2 3239
+21.9%
3 3238
+18.8%
4 711
+57.1%
5+ 48
+100.0%

Summary: The 92549 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1117+54.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92549, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 92549 in April 2024, up by 54.5% month-over-month. Of the 17 sold homes, 59% were sold under asking, 35% were sold at asking, and 6% were sold over asking.

Days on Market for 92549, CA

How long does it take to sell a home in 92549, CA?

Average Sale Time

Apr 2023Apr 2024CHANGE
44 Days75 Days+67.9%

Summary: Homes in 92549 had an average of 75 days on market in Apr 2024, up by 67.9% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 92549 has remained consistent over time.

Summary: During April 2024, 17 homes were sold in 92549; 29% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

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