Is 92651, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 92651 was a Seller's Market.
Housing Prices in 92651, CA
How much do homes in 92651, CA cost?
Median Sold Price
$2,775,000
$1,503/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92651 was $2,775,000 in March 2024, down 2.6% from last year, and the median price per square foot was $1,503.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.2M | $1.2M | -5.1% |
2 Bedrooms | $1.8M | $1.9M | +6.1% |
3 Bedrooms | $2.9M | $2.9M | -3.0% |
4 Bedrooms | $4.0M | $3.8M | -3.2% |
5+ Bedrooms | $5.1M | $4.8M | -5.6% |
Summary: 92651 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 5.6%.
Housing Supply in 92651, CA
How many homes are available in 92651, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
162 | 176 | +8.6% |
Summary: The 92651 real estate market had 176 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 | 3 | 2 | -33.3% |
2 Bedrooms | 27 | 39 | +44.4% |
3 Bedrooms | 47 | 46 | -2.1% |
4 Bedrooms | 60 | 66 | +10.0% |
5+ Bedrooms | 25 | 23 | -8.0% |
Summary: The 92651 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 44.4%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 24 | +4.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 92651 in March 2024, up by 4.3% month-over-month. Of the 24 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% were sold over asking.
Days on Market for 92651, CA
How long does it take to sell a home in 92651, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 68 Days | +69.5% |
Summary: Homes in 92651 had an average of 68 days on market in Mar 2024, up by 69.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in 92651; 25% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.