Is 92706, 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, 92706 has remained a Seller's Market.
Housing Prices in 92706, CA
How much do homes in 92706, CA cost?
Median Sold Price
$980,000
$593/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 92706 was $980,000 in April 2024, up 8.9% from last year, and the median price per square foot was $593.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $422.5K | $400K | -5.3% |
2 Bedrooms | $605K | $600K | -0.8% |
3 Bedrooms | $899.9K | $975K | +8.3% |
4 Bedrooms | $1.0M | $1.2M | +22.9% |
5+ Bedrooms | $1.8M | $1.5M | -17.3% |
Summary: 92706 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.3%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes decreased by 17.3%.
Housing Supply in 92706, CA
How many homes are available in 92706, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 45 | +2.3% |
Summary: The 92706 real estate market had 45 homes for sale in April 2024, a 2.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 19 | 20 | +5.3% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 92706 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 17 | +54.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 92706 in April 2024, up by 54.5% month-over-month. Of the 17 sold homes, 41% were sold under asking, 12% were sold at asking, and 47% were sold over asking.
Days on Market for 92706, CA
How long does it take to sell a home in 92706, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 34 Days | -35.6% |
Summary: Homes in 92706 had an average of 34 days on market in Apr 2024, down by 35.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in 92706; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.