Is 92656, 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, 92656 has remained a Seller's Market.
Housing Prices in 92656, CA
How much do homes in 92656, CA cost?
Median Sold Price
$851,250
$617/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92656 was $851,250 in March 2024, up 2.4% from last year, and the median price per square foot was $617.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $490K | $485K | -1.0% |
2 Bedrooms | $670K | $710K | +6.0% |
3 Bedrooms | $900K | $915K | +1.7% |
4 Bedrooms | $1.3M | $1.3M | +0.6% |
5+ Bedrooms | $1.8M | $1.9M | +6.1% |
Summary: 92656 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 6.1%.
Housing Supply in 92656, CA
How many homes are available in 92656, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
98 | 87 | -11.2% |
Summary: The 92656 real estate market had 87 homes for sale in March 2024, a 11.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 35 | 32 | -8.6% |
3 Bedrooms | 42 | 33 | -21.4% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 92656 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 36 | +5.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in 92656 in March 2024, up by 5.9% month-over-month. Of the 36 sold homes, 31% were sold under asking, 14% were sold at asking, and 56% were sold over asking.
Days on Market for 92656, CA
How long does it take to sell a home in 92656, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 20 Days | -46.8% |
Summary: Homes in 92656 had an average of 20 days on market in Mar 2024, down by 46.8% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 36 homes were sold in 92656; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.