Is 92592, 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, 92592 has remained a Seller's Market.
Key Takeaway
92592 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92592, CA
How much do homes in 92592, CA cost?
Median Sold Price
$724,966
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in 92592 has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $360K | +2.9% |
| 2 Bedrooms | $465K | $518.5K | +11.5% |
| 3 Bedrooms | $629.8K | $640K | +1.6% |
| 4 Bedrooms | $750K | $761K | +1.5% |
| 5+ Bedrooms | $901K | $909.5K | +0.9% |
Summary: 92592 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 0.9%.
Housing Supply in 92592, CA
How many homes are available in 92592, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 225 | 243 | +8.0% |
Summary: The 92592 real estate market had 243 homes for sale in March 2024, a 8.0% 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 | 14 | 13 | -7.1% |
| 3 Bedrooms | 74 | 68 | -8.1% |
| 4 Bedrooms | 80 | 97 | +21.3% |
| 5+ Bedrooms | 57 | 65 | +14.0% |
Summary: The 92592 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 decreased by 7.1%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes increased by 14%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 66 | 75 | +13.6% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92592, you could pay more than the asking price. 42.7% of homes here sold above asking price last month.
Summary: A total of 75 homes were sold or pending in 92592 in March 2024, up by 13.6% month-over-month. Of the 75 sold homes, 37% were sold under asking, 20% were sold at asking, and 43% were sold over asking.
Days on Market for 92592, CA
How long does it take to sell a home in 92592, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 53 Days | 26 Days | -50.5% |
Summary: Homes in 92592 had an average of 26 days on market in Mar 2024, down by 50.5% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 92592 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 75 homes were sold in 92592; 79% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.