Is 92586, 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, 92586 has remained a Seller's Market.
Housing Prices in 92586, CA
How much do homes in 92586, CA cost?
Median Sold Price
$365,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92586 was $365,000 in March 2024, down 7.5% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $172.4K | +1.5% |
2 Bedrooms | $360K | $345K | -4.2% |
3 Bedrooms | $447K | $443K | -0.9% |
4 Bedrooms | $548.9K | $536.9K | -2.2% |
5+ Bedrooms | $617.5K | - | N/A |
Summary: 92586 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes did not change.
Housing Supply in 92586, CA
How many homes are available in 92586, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
133 | 150 | +12.8% |
Summary: The 92586 real estate market had 150 homes for sale in March 2024, a 12.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 85 | 88 | +3.5% |
3 Bedrooms | 39 | 52 | +33.3% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 92586 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 3.5%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 45 | +80.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in 92586 in March 2024, up by 80.0% month-over-month. Of the 45 sold homes, 38% were sold under asking, 29% were sold at asking, and 33% were sold over asking.
Days on Market for 92586, CA
How long does it take to sell a home in 92586, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 35 Days | -9.3% |
Summary: Homes in 92586 had an average of 35 days on market in Mar 2024, down by 9.3% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 45 homes were sold in 92586; 71% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.