Is 92614, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 92614 has remained a Seller's Market.
Housing Prices in 92614, CA
How much do homes in 92614, CA cost?
Median Sold Price
$1,099,000
$745/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 92614 was $1,099,000 in April 2024, up 21.8% from last year, and the median price per square foot was $745.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $500K | $603.5K | +20.7% |
2 Bedrooms | $755K | $810K | +7.3% |
3 Bedrooms | $970K | $1.2M | +27.8% |
4 Bedrooms | $1.3M | $1.7M | +32.9% |
5+ Bedrooms | $2.2M | $1.8M | -16.5% |
Summary: 92614 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.7%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 32.9%, and 5+ bedroom homes decreased by 16.5%.
Housing Supply in 92614, CA
How many homes are available in 92614, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 49 | +14.0% |
Summary: The 92614 real estate market had 49 homes for sale in April 2024, a 14.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 12 | 14 | +16.7% |
3 Bedrooms | 16 | 14 | -12.5% |
4 Bedrooms | 10 | 14 | +40.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 92614 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 24 | +71.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 92614 in April 2024, up by 71.4% month-over-month. Of the 24 sold homes, 29% were sold under asking, 13% were sold at asking, and 58% were sold over asking.
Days on Market for 92614, CA
How long does it take to sell a home in 92614, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 11 Days | -44.7% |
Summary: Homes in 92614 had an average of 11 days on market in Apr 2024, down by 44.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in 92614; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.