Is 92131, 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, 92131 has remained a Seller's Market.
Housing Prices in 92131, CA
How much do homes in 92131, CA cost?
Median Sold Price
$1,467,000
$641/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 92131 was $1,467,000 in April 2024, up 10.4% from last year, and the median price per square foot was $641.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $671.5K | $695K | +3.5% |
3 Bedrooms | $1.0M | $1.0M | +4.5% |
4 Bedrooms | $1.4M | $1.6M | +12.3% |
5+ Bedrooms | $2.0M | $2.1M | +8.6% |
Summary: 92131 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 8.6%.
Housing Supply in 92131, CA
How many homes are available in 92131, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 62 | +63.2% |
Summary: The 92131 real estate market had 62 homes for sale in April 2024, a 63.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 9 | +125.0% |
3 Bedrooms | 14 | 19 | +35.7% |
4 Bedrooms | 13 | 18 | +38.5% |
5+ Bedrooms | 7 | 16 | +128.6% |
Summary: The 92131 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 125%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 128.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 19 | +58.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 92131 in April 2024, up by 58.3% month-over-month. Of the 19 sold homes, 32% were sold under asking, 0% were sold at asking, and 68% were sold over asking.
Days on Market for 92131, CA
How long does it take to sell a home in 92131, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 17 Days | +22.4% |
Summary: Homes in 92131 had an average of 17 days on market in Apr 2024, up by 22.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in 92131; 89% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.