Is 92883, 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, 92883 has remained a Seller's Market.
Housing Prices in 92883, CA
How much do homes in 92883, CA cost?
Median Sold Price
$737,416
$351/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 92883 was $737,416 in March 2024, up 1.7% from last year, and the median price per square foot was $351.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $454.5K | $414.9K | -8.7% |
2 Bedrooms | $611.2K | $662K | +8.3% |
3 Bedrooms | $642.5K | $660.8K | +2.9% |
4 Bedrooms | $756K | $767.9K | +1.6% |
5+ Bedrooms | $865K | $900K | +4.0% |
Summary: 92883 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 4%.
Housing Supply in 92883, CA
How many homes are available in 92883, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
162 | 175 | +8.0% |
Summary: The 92883 real estate market had 175 homes for sale in March 2024, a 8.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 27 | 32 | +18.5% |
3 Bedrooms | 45 | 50 | +11.1% |
4 Bedrooms | 60 | 55 | -8.3% |
5+ Bedrooms | 28 | 35 | +25.0% |
Summary: The 92883 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 41 | +13.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in 92883 in March 2024, up by 13.9% month-over-month. Of the 41 sold homes, 32% were sold under asking, 29% were sold at asking, and 39% were sold over asking.
Days on Market for 92883, CA
How long does it take to sell a home in 92883, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 29 Days | -58.3% |
Summary: Homes in 92883 had an average of 29 days on market in Mar 2024, down by 58.3% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 41 homes were sold in 92883; 71% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.