Is 92603, 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, 92603 has remained a Seller's Market.
Housing Prices in 92603, CA
How much do homes in 92603, CA cost?
Median Sold Price
$1,905,000
$924/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92603 was $1,905,000 in March 2024, up 6% from last year, and the median price per square foot was $924.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $652.5K | - | N/A |
2 Bedrooms | $967.5K | $1.0M | +6.8% |
3 Bedrooms | $1.5M | $1.5M | +1.2% |
4 Bedrooms | $2.3M | $2.7M | +15.4% |
5+ Bedrooms | $3.8M | $4.9M | +27.7% |
Summary: 92603 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 6.8%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 27.7%.
Housing Supply in 92603, CA
How many homes are available in 92603, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 50 | +16.3% |
Summary: The 92603 real estate market had 50 homes for sale in March 2024, a 16.3% 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 | 8 | 9 | +12.5% |
3 Bedrooms | 10 | 11 | +10.0% |
4 Bedrooms | 10 | 14 | +40.0% |
5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The 92603 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 12.5%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 16 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 92603 in March 2024, up by 100.0% month-over-month. Of the 16 sold homes, 31% were sold under asking, 6% were sold at asking, and 63% were sold over asking.
Days on Market for 92603, CA
How long does it take to sell a home in 92603, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 13 Days | -59.9% |
Summary: Homes in 92603 had an average of 13 days on market in Mar 2024, down by 59.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 92603; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.