Is 92627, 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, 92627 has remained a Seller's Market.
Housing Prices in 92627, CA
How much do homes in 92627, CA cost?
Median Sold Price
$1,227,000
$748/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92627 was $1,227,000 in March 2024, up 6.7% from last year, and the median price per square foot was $748.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $480K | $815K | +69.8% |
2 Bedrooms | $787K | $890K | +13.1% |
3 Bedrooms | $1.1M | $1.2M | +4.3% |
4 Bedrooms | $1.6M | $1.7M | +6.6% |
5+ Bedrooms | $2.3M | $2.4M | +7.5% |
Summary: 92627 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 69.8%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 7.5%.
Housing Supply in 92627, CA
How many homes are available in 92627, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 56 | -3.4% |
Summary: The 92627 real estate market had 56 homes for sale in March 2024, a 3.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 9 | 6 | -33.3% |
3 Bedrooms | 22 | 30 | +36.4% |
4 Bedrooms | 21 | 15 | -28.6% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 92627 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 decreased by 33.3%, 3 bedroom homes increased by 36.4%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 24 | +9.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 92627 in March 2024, up by 9.1% month-over-month. Of the 24 sold homes, 33% were sold under asking, 21% were sold at asking, and 46% were sold over asking.
Days on Market for 92627, CA
How long does it take to sell a home in 92627, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 19 Days | -60.5% |
Summary: Homes in 92627 had an average of 19 days on market in Mar 2024, down by 60.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in 92627; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.