Is 92507, 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, 92507 has remained a Seller's Market.
Housing Prices in 92507, CA
How much do homes in 92507, CA cost?
Median Sold Price
$604,839
$374/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 92507 was $604,839 in April 2024, up 9% from last year, and the median price per square foot was $374.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $309.9K | $299.2K | -3.4% |
2 Bedrooms | $362.5K | $430K | +18.6% |
3 Bedrooms | $565K | $585K | +3.5% |
4 Bedrooms | $609K | $665.4K | +9.3% |
5+ Bedrooms | $681.2K | $727.5K | +6.8% |
Summary: 92507 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 6.8%.
Housing Supply in 92507, CA
How many homes are available in 92507, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
129 | 125 | -3.1% |
Summary: The 92507 real estate market had 125 homes for sale in April 2024, a 3.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 14 | 12 | -14.3% |
3 Bedrooms | 45 | 48 | +6.7% |
4 Bedrooms | 48 | 47 | -2.1% |
5+ Bedrooms | 16 | 12 | -25.0% |
Summary: The 92507 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 decreased by 14.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 32 | +10.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 92507 in April 2024, up by 10.3% month-over-month. Of the 32 sold homes, 44% were sold under asking, 22% were sold at asking, and 34% were sold over asking.
Days on Market for 92507, CA
How long does it take to sell a home in 92507, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 27 Days | -47.8% |
Summary: Homes in 92507 had an average of 27 days on market in Apr 2024, down by 47.8% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 32 homes were sold in 92507; 66% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.