Is 92843, 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, 92843 has remained a Seller's Market.
Housing Prices in 92843, CA
How much do homes in 92843, CA cost?
Median Sold Price
$780,000
$590/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92843 was $780,000 in March 2024, up 4.1% from last year, and the median price per square foot was $590.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $422.5K | $425K | +0.6% |
2 Bedrooms | $567.5K | $545K | -4.0% |
3 Bedrooms | $819K | $800K | -2.3% |
4 Bedrooms | $847.5K | $940K | +10.9% |
5+ Bedrooms | $1.1M | $1.2M | +6.7% |
Summary: 92843 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 6.7%.
Housing Supply in 92843, CA
How many homes are available in 92843, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 25 | +4.2% |
Summary: The 92843 real estate market had 25 homes for sale in March 2024, a 4.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 92843 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 10 | +25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 92843 in March 2024, up by 25.0% month-over-month. Of the 10 sold homes, 10% were sold under asking, 20% were sold at asking, and 70% were sold over asking.
Days on Market for 92843, CA
How long does it take to sell a home in 92843, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
56 Days | 29 Days | -46.7% |
Summary: Homes in 92843 had an average of 29 days on market in Mar 2024, down by 46.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in 92843; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.