Is 92028, 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, 92028 has remained a Seller's Market.
Housing Prices in 92028, CA
How much do homes in 92028, CA cost?
Median Sold Price
$873,000
$408/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 92028 was $873,000 in April 2024, up 5% from last year, and the median price per square foot was $408.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $380K | $408K | +7.4% |
2 Bedrooms | $613.7K | $654.5K | +6.6% |
3 Bedrooms | $765K | $799.3K | +4.5% |
4 Bedrooms | $899.5K | $975K | +8.4% |
5+ Bedrooms | $1.3M | $1.3M | -0.9% |
Summary: 92028 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 0.9%.
Housing Supply in 92028, CA
How many homes are available in 92028, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
183 | 198 | +8.2% |
Summary: The 92028 real estate market had 198 homes for sale in April 2024, a 8.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 12 | 13 | +8.3% |
3 Bedrooms | 89 | 99 | +11.2% |
4 Bedrooms | 56 | 63 | +12.5% |
5+ Bedrooms | 24 | 23 | -4.2% |
Summary: The 92028 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 4.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 52 | +18.2% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in 92028 in April 2024, up by 18.2% month-over-month. Of the 52 sold homes, 37% were sold under asking, 15% were sold at asking, and 48% were sold over asking.
Days on Market for 92028, CA
How long does it take to sell a home in 92028, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 23 Days | -24.6% |
Summary: Homes in 92028 had an average of 23 days on market in Apr 2024, down by 24.6% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 52 homes were sold in 92028; 77% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.