Is 92618, 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, 92618 has remained a Seller's Market.
Housing Prices in 92618, CA
How much do homes in 92618, CA cost?
Median Sold Price
$1,500,000
$719/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92618 was $1,500,000 in March 2024, up 8.5% from last year, and the median price per square foot was $719.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $557.5K | $660K | +18.4% |
2 Bedrooms | $860K | $932.5K | +8.4% |
3 Bedrooms | $1.1M | $1.3M | +11.7% |
4 Bedrooms | $1.8M | $1.9M | +2.7% |
5+ Bedrooms | $3.3M | $3.5M | +8.8% |
Summary: 92618 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.4%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 8.8%.
Housing Supply in 92618, CA
How many homes are available in 92618, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
112 | 110 | -1.8% |
Summary: The 92618 real estate market had 110 homes for sale in March 2024, a 1.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 14 | 11 | -21.4% |
3 Bedrooms | 41 | 43 | +4.9% |
4 Bedrooms | 46 | 41 | -10.9% |
5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The 92618 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
44 | 42 | -4.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in 92618 in March 2024, down by 4.5% month-over-month. Of the 42 sold homes, 38% were sold under asking, 10% were sold at asking, and 52% were sold over asking.
Days on Market for 92618, CA
How long does it take to sell a home in 92618, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 11 Days | -65.1% |
Summary: Homes in 92618 had an average of 11 days on market in Mar 2024, down by 65.1% compared to last year.
Breakdown of Home Sale Times
41 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, 42 homes were sold in 92618; 98% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.