Is University City, 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, University City has remained a Seller's Market.
Housing Prices in University City, CA
How much do homes in University City, CA cost?
Median Sold Price
$843,500
$735/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in University City was $843,500 in April 2024, up 0.4% from last year, and the median price per square foot was $735.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $525K | $545K | +3.8% |
2 Bedrooms | $750K | $776K | +3.5% |
3 Bedrooms | $1.2M | $1.2M | +4.2% |
4 Bedrooms | $1.4M | $1.6M | +11.9% |
5+ Bedrooms | $1.5M | $1.6M | +7.9% |
Summary: University City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 7.9%.
Median Sold Price Compared To Nearby Neighborhoods
University City | $840K | $843.5K | 0.4% |
La Jolla Village | $875K | $838.7K | -4.1% |
Housing Supply in University City, CA
How many homes are available in University City, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 | 82 | +10.8% |
Summary: The University City real estate market had 82 homes for sale in April 2024, a 10.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 19 | +5.6% |
2 Bedrooms | 32 | 37 | +15.6% |
3 Bedrooms | 15 | 17 | +13.3% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 3 | 0 | -100.0% |
Summary: The University City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 21 | -16.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in University City in April 2024, down by 16.0% month-over-month. Of the 21 sold homes, 62% were sold under asking, 5% were sold at asking, and 33% were sold over asking.
Days on Market for University City, CA
How long does it take to sell a home in University City, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 22 Days | -32.1% |
Summary: Homes in University City had an average of 22 days on market in Apr 2024, down by 32.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in University City; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.