Is 92805, 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, 92805 has remained a Seller's Market.
Housing Prices in 92805, CA
How much do homes in 92805, CA cost?
Median Sold Price
$805,977
$524/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 92805 was $805,977 in April 2024, up 6.8% from last year, and the median price per square foot was $524.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $485K | $510K | +5.2% |
2 Bedrooms | $625K | $699.9K | +12.0% |
3 Bedrooms | $765K | $820K | +7.2% |
4 Bedrooms | $870K | $915K | +5.2% |
5+ Bedrooms | $1.1M | $1.1M | -6.2% |
Summary: 92805 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 6.2%.
Housing Supply in 92805, CA
How many homes are available in 92805, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
77 | 76 | -1.3% |
Summary: The 92805 real estate market had 76 homes for sale in April 2024, a 1.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 39 | 35 | -10.3% |
4 Bedrooms | 19 | 20 | +5.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 92805 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 33 | +57.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in 92805 in April 2024, up by 57.1% month-over-month. Of the 32 sold homes, 22% were sold under asking, 28% were sold at asking, and 50% were sold over asking.
Days on Market for 92805, CA
How long does it take to sell a home in 92805, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 24 Days | -30.6% |
Summary: Homes in 92805 had an average of 24 days on market in Apr 2024, down by 30.6% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in 92805; 70% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.