Is 92557, 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, 92557 has remained a Seller's Market.
Housing Prices in 92557, CA
How much do homes in 92557, CA cost?
Median Sold Price
$555,000
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92557 was $555,000 in March 2024, up 2.8% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $433.5K | $432.5K | -0.2% |
3 Bedrooms | $500K | $525K | +5.0% |
4 Bedrooms | $565K | $581.2K | +2.9% |
5+ Bedrooms | $630K | $625K | -0.8% |
Summary: 92557 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 decreased by 0.2%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 0.8%.
Housing Supply in 92557, CA
How many homes are available in 92557, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
106 | 126 | +18.9% |
Summary: The 92557 real estate market had 126 homes for sale in March 2024, a 18.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 35 | 46 | +31.4% |
4 Bedrooms | 56 | 66 | +17.9% |
5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 92557 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 remained the same, 3 bedroom homes increased by 31.4%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 27 | +68.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 92557 in March 2024, up by 68.8% month-over-month. Of the 27 sold homes, 37% were sold under asking, 7% were sold at asking, and 56% were sold over asking.
Days on Market for 92557, CA
How long does it take to sell a home in 92557, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
54 Days | 21 Days | -59.7% |
Summary: Homes in 92557 had an average of 21 days on market in Mar 2024, down by 59.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 92557; 70% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.