Is 92629, 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, 92629 has remained a Seller's Market.
Housing Prices in 92629, CA
How much do homes in 92629, CA cost?
Median Sold Price
$1,600,000
$894/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92629 was $1,600,000 in March 2024, up 6.7% from last year, and the median price per square foot was $894.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $617.5K | $580K | -6.1% |
2 Bedrooms | $1.0M | $989K | -8.8% |
3 Bedrooms | $1.7M | $1.6M | -5.5% |
4 Bedrooms | $2.0M | $1.8M | -6.9% |
5+ Bedrooms | $3.5M | $4.3M | +23.6% |
Summary: 92629 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes decreased by 8.8%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 23.6%.
Housing Supply in 92629, CA
How many homes are available in 92629, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
105 | 114 | +8.6% |
Summary: The 92629 real estate market had 114 homes for sale in March 2024, a 8.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 21 | 26 | +23.8% |
3 Bedrooms | 47 | 50 | +6.4% |
4 Bedrooms | 22 | 21 | -4.5% |
5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The 92629 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 increased by 23.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 21 | -12.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 92629 in March 2024, down by 12.5% month-over-month. Of the 21 sold homes, 48% were sold under asking, 24% were sold at asking, and 29% were sold over asking.
Days on Market for 92629, CA
How long does it take to sell a home in 92629, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 24 Days | -40.0% |
Summary: Homes in 92629 had an average of 24 days on market in Mar 2024, down by 40% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in 92629; 76% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.