Is 92648, 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, 92648 has remained a Seller's Market.
Key Takeaway
92648 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92648, CA
How much do homes in 92648, CA cost?
Median Sold Price
$1,400,000
$744/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 92648 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 92648 was $1,400,000 in April 2024, up 7.7% from last year, and the median price per square foot was $744.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $560K | $570K | +1.8% |
| 2 Bedrooms | $900K | $962.5K | +6.9% |
| 3 Bedrooms | $1.4M | $1.5M | +6.2% |
| 4 Bedrooms | $2.1M | $1.9M | -11.5% |
| 5+ Bedrooms | $2.6M | $2.1M | -18.7% |
Summary: 92648 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 18.7%.
Housing Supply in 92648, CA
How many homes are available in 92648, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 120 | 123 | +2.5% |
Summary: The 92648 real estate market had 123 homes for sale in April 2024, a 2.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 17 | +6.3% |
| 2 Bedrooms | 23 | 24 | +4.3% |
| 3 Bedrooms | 52 | 50 | -3.8% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The 92648 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 33 | +22.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92648, you may be able to get a good deal. 42.4% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in 92648 in April 2024, up by 22.2% month-over-month. Of the 33 sold homes, 42% were sold under asking, 27% were sold at asking, and 30% were sold over asking.
Days on Market for 92648, CA
How long does it take to sell a home in 92648, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 28 Days | +30.9% |
Summary: Homes in 92648 had an average of 28 days on market in Apr 2024, up by 30.9% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 92648 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 33 homes were sold in 92648; 73% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.