Is 92704, 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, 92704 has remained a Seller's Market.
Housing Prices in 92704, CA
How much do homes in 92704, CA cost?
Median Sold Price
$745,000
$579/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 92704 was $745,000 in April 2024, up 11.2% from last year, and the median price per square foot was $579.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $410K | $415K | +1.2% |
2 Bedrooms | $475K | $507.5K | +6.8% |
3 Bedrooms | $738K | $792.5K | +7.4% |
4 Bedrooms | $837.5K | $927.5K | +10.7% |
5+ Bedrooms | $940K | $1.0M | +11.2% |
Summary: 92704 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 11.2%.
Housing Supply in 92704, CA
How many homes are available in 92704, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 71 | +2.9% |
Summary: The 92704 real estate market had 71 homes for sale in April 2024, a 2.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 22 | 23 | +4.5% |
3 Bedrooms | 15 | 20 | +33.3% |
4 Bedrooms | 14 | 12 | -14.3% |
5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The 92704 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 30 | +87.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 92704 in April 2024, up by 87.5% month-over-month. Of the 30 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for 92704, CA
How long does it take to sell a home in 92704, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 26 Days | +21.6% |
Summary: Homes in 92704 had an average of 26 days on market in Apr 2024, up by 21.6% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in 92704; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.