Is 92585, 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, 92585 has remained a Seller's Market.
Housing Prices in 92585, CA
How much do homes in 92585, CA cost?
Median Sold Price
$575,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92585 was $575,000 in March 2024, up 2.7% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $385K | $372.5K | -3.2% |
3 Bedrooms | $525K | $542K | +3.2% |
4 Bedrooms | $590K | $600K | +1.7% |
5+ Bedrooms | $640K | $645K | +0.8% |
Summary: 92585 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 3.2%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 0.8%.
Housing Supply in 92585, CA
How many homes are available in 92585, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
89 | 99 | +11.2% |
Summary: The 92585 real estate market had 99 homes for sale in March 2024, a 11.2% 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 | 6 | 10 | +66.7% |
3 Bedrooms | 27 | 27 | 0.0% |
4 Bedrooms | 44 | 49 | +11.4% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The 92585 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 increased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 26 | +13.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 92585 in March 2024, up by 13.0% month-over-month. Of the 26 sold homes, 31% were sold under asking, 23% were sold at asking, and 46% were sold over asking.
Days on Market for 92585, CA
How long does it take to sell a home in 92585, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
55 Days | 34 Days | -37.6% |
Summary: Homes in 92585 had an average of 34 days on market in Mar 2024, down by 37.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in 92585; 65% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.