Is 92840, 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, 92840 has remained a Seller's Market.
Housing Prices in 92840, CA
How much do homes in 92840, CA cost?
Median Sold Price
$850,000
$567/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 92840 was $850,000 in April 2024, up 7.3% from last year, and the median price per square foot was $567.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $417.9K | $446.2K | +6.8% |
2 Bedrooms | $540K | $567.4K | +5.1% |
3 Bedrooms | $800.5K | $867K | +8.3% |
4 Bedrooms | $885K | $917.5K | +3.7% |
5+ Bedrooms | $1.0M | $1.2M | +15.6% |
Summary: 92840 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 15.6%.
Housing Supply in 92840, CA
How many homes are available in 92840, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 46 | -8.0% |
Summary: The 92840 real estate market had 46 homes for sale in April 2024, a 8.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 26 | 26 | 0.0% |
4 Bedrooms | 9 | 5 | -44.4% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 92840 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 10%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 92840 in April 2024, the same as the previous month. Of the 12 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% were sold over asking.
Days on Market for 92840, CA
How long does it take to sell a home in 92840, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 15 Days | -55.7% |
Summary: Homes in 92840 had an average of 15 days on market in Apr 2024, down by 55.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in 92840; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.