Is 92345, 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, 92345 has remained a Seller's Market.
Housing Prices in 92345, CA
How much do homes in 92345, CA cost?
Median Sold Price
$430,388
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 92345 was $430,388 in April 2024, up 3.7% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $233.5K | $285K | +22.0% |
2 Bedrooms | $330K | $350K | +6.1% |
3 Bedrooms | $400K | $420K | +5.0% |
4 Bedrooms | $487.5K | $505K | +3.6% |
5+ Bedrooms | $522.5K | $540.2K | +3.4% |
Summary: 92345 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 3.4%.
Housing Supply in 92345, CA
How many homes are available in 92345, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
271 | 251 | -7.4% |
Summary: The 92345 real estate market had 251 homes for sale in April 2024, a 7.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 16 | 17 | +6.3% |
3 Bedrooms | 143 | 126 | -11.9% |
4 Bedrooms | 96 | 91 | -5.2% |
5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The 92345 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 6.3%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
80 | 61 | -23.8% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Summary: A total of 61 homes were sold or pending in 92345 in April 2024, down by 23.8% month-over-month. Of the 61 sold homes, 28% were sold under asking, 23% were sold at asking, and 49% were sold over asking.
Days on Market for 92345, CA
How long does it take to sell a home in 92345, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 30 Days | -37.6% |
Summary: Homes in 92345 had an average of 30 days on market in Apr 2024, down by 37.6% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 61 homes were sold in 92345; 66% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.