Is 92596, 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, 92596 has remained a Seller's Market.
Housing Prices in 92596, CA
How much do homes in 92596, CA cost?
Median Sold Price
$649,786
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92596 was $649,786 in March 2024, up 5.5% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $600K | - | N/A |
2 Bedrooms | $403.7K | $699.9K | +73.4% |
3 Bedrooms | $566.5K | $595K | +5.0% |
4 Bedrooms | $613K | $640K | +4.4% |
5+ Bedrooms | $722.5K | $703.4K | -2.6% |
Summary: 92596 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 increased by 73.4%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 2.6%.
Housing Supply in 92596, CA
How many homes are available in 92596, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
183 | 160 | -12.6% |
Summary: The 92596 real estate market had 160 homes for sale in March 2024, a 12.6% decrease 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 | 5 | +25.0% |
3 Bedrooms | 45 | 43 | -4.4% |
4 Bedrooms | 87 | 73 | -16.1% |
5+ Bedrooms | 47 | 39 | -17.0% |
Summary: The 92596 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 25%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes decreased by 17%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 59 | +15.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 59 homes were sold or pending in 92596 in March 2024, up by 15.7% month-over-month. Of the 59 sold homes, 31% were sold under asking, 20% were sold at asking, and 49% were sold over asking.
Days on Market for 92596, CA
How long does it take to sell a home in 92596, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 47 Days | -10.1% |
Summary: Homes in 92596 had an average of 47 days on market in Mar 2024, down by 10.1% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During March 2024, 59 homes were sold in 92596; 46% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.