Is 92653, 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, 92653 has remained a Seller's Market.
Housing Prices in 92653, CA
How much do homes in 92653, CA cost?
Median Sold Price
$1,150,000
$606/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92653 was $1,150,000 in March 2024, down 2.9% from last year, and the median price per square foot was $606.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $490K | $508.3K | +3.7% |
2 Bedrooms | $620K | $679.5K | +9.6% |
3 Bedrooms | $887.5K | $950K | +7.0% |
4 Bedrooms | $1.4M | $1.3M | -6.8% |
5+ Bedrooms | $2.1M | $2.4M | +15.4% |
Summary: 92653 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 15.4%.
Housing Supply in 92653, CA
How many homes are available in 92653, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
46 | 48 | +4.3% |
Summary: The 92653 real estate market had 48 homes for sale in March 2024, a 4.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 16 | 13 | -18.8% |
4 Bedrooms | 18 | 19 | +5.6% |
5+ Bedrooms | 8 | 13 | +62.5% |
Summary: The 92653 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.8%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 62.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 11 | -31.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 92653 in March 2024, down by 31.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 18% were sold at asking, and 55% were sold over asking.
Days on Market for 92653, CA
How long does it take to sell a home in 92653, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 16 Days | -61.8% |
Summary: Homes in 92653 had an average of 16 days on market in Mar 2024, down by 61.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 92653; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.