Is 92701, 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, 92701 has remained a Seller's Market.
Key Takeaway
92701 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92701, CA
How much do homes in 92701, CA cost?
Median Sold Price
$513,000
$472/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 92701 have sold for 4.6% less than they did a year ago.
Summary: The median home sold price in 92701 was $513,000 in March 2024, down 4.6% from last year, and the median price per square foot was $472.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $387K | $405K | +4.7% |
| 2 Bedrooms | $456.5K | $460K | +0.8% |
| 3 Bedrooms | $750K | $821.3K | +9.5% |
| 4 Bedrooms | $845.4K | $888.1K | +5.0% |
| 5+ Bedrooms | $950K | $1.3M | +38.4% |
Summary: 92701 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 38.4%.
Housing Supply in 92701, CA
How many homes are available in 92701, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 46 | 57 | +23.9% |
Summary: The 92701 real estate market had 57 homes for sale in March 2024, a 23.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 12 | +9.1% |
| 2 Bedrooms | 19 | 24 | +26.3% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 92701 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92701, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 92701 in March 2024, up by 10.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for 92701, CA
How long does it take to sell a home in 92701, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 21 Days | 35 Days | +66.7% |
Summary: Homes in 92701 had an average of 35 days on market in Mar 2024, up by 66.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 92701 has remained consistent over time.
Summary: During March 2024, 11 homes were sold in 92701; 45% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 0% 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.