Is 92122, 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, 92122 has remained a Seller's Market.
Housing Prices in 92122, CA
How much do homes in 92122, CA cost?
Median Sold Price
$835,916
$733/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 92122 was $835,916 in April 2024, down 3.4% from last year, and the median price per square foot was $733.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $525K | $544K | +3.6% |
2 Bedrooms | $749K | $753K | 0.5% |
3 Bedrooms | $1.2M | $1.2M | 0.2% |
4 Bedrooms | $1.4M | $1.6M | +11.6% |
5+ Bedrooms | $1.5M | $1.6M | +7.9% |
Summary: 92122 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 7.9%.
Housing Supply in 92122, CA
How many homes are available in 92122, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 74 | +13.8% |
Summary: The 92122 real estate market had 74 homes for sale in April 2024, a 13.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 18 | 0.0% |
2 Bedrooms | 26 | 32 | +23.1% |
3 Bedrooms | 12 | 15 | +25.0% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 3 | 0 | -100.0% |
Summary: The 92122 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 19 | -13.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 92122 in April 2024, down by 13.6% month-over-month. Of the 19 sold homes, 63% were sold under asking, 0% were sold at asking, and 37% were sold over asking.
Days on Market for 92122, CA
How long does it take to sell a home in 92122, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 22 Days | -24.7% |
Summary: Homes in 92122 had an average of 22 days on market in Apr 2024, down by 24.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in 92122; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.