Is 92562, 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, 92562 has remained a Seller's Market.
Housing Prices in 92562, CA
How much do homes in 92562, CA cost?
Median Sold Price
$659,928
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 92562 was $659,928 in April 2024, up 4.8% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $335K | $495K | +47.8% |
2 Bedrooms | $485K | $508K | +4.7% |
3 Bedrooms | $571.4K | $580K | +1.5% |
4 Bedrooms | $683.5K | $709K | +3.7% |
5+ Bedrooms | $805K | $825K | +2.5% |
Summary: 92562 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.8%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 2.5%.
Housing Supply in 92562, CA
How many homes are available in 92562, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
252 | 265 | +5.2% |
Summary: The 92562 real estate market had 265 homes for sale in April 2024, a 5.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 31 | 33 | +6.5% |
3 Bedrooms | 80 | 87 | +8.8% |
4 Bedrooms | 84 | 83 | -1.2% |
5+ Bedrooms | 55 | 59 | +7.3% |
Summary: The 92562 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 7.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
61 | 72 | +18.0% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 72 homes were sold or pending in 92562 in April 2024, up by 18.0% month-over-month. Of the 72 sold homes, 39% were sold under asking, 18% were sold at asking, and 43% were sold over asking.
Days on Market for 92562, CA
How long does it take to sell a home in 92562, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 35 Days | -15.9% |
Summary: Homes in 92562 had an average of 35 days on market in Apr 2024, down by 15.9% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 72 homes were sold in 92562; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.