Is 92606, 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, 92606 has remained a Seller's Market.
Housing Prices in 92606, CA
How much do homes in 92606, CA cost?
Median Sold Price
$1,350,000
$732/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92606 was $1,350,000 in March 2024, up 12.5% from last year, and the median price per square foot was $732.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $622.4K | $610K | -2.0% |
2 Bedrooms | $795K | $865K | +8.8% |
3 Bedrooms | $999.5K | $1.2M | +27.1% |
4 Bedrooms | $1.3M | $1.4M | +5.1% |
5+ Bedrooms | $1.7M | $1.9M | +13.8% |
Summary: 92606 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 27.1%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 13.8%.
Housing Supply in 92606, CA
How many homes are available in 92606, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 23 | -4.2% |
Summary: The 92606 real estate market had 23 homes for sale in March 2024, a 4.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 11 | 8 | -27.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 92606 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 33.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 92606 in March 2024, up by 12.5% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for 92606, CA
How long does it take to sell a home in 92606, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 11 Days | -74.1% |
Summary: Homes in 92606 had an average of 11 days on market in Mar 2024, down by 74.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in 92606; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.