Is 92651, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 92651 was a Seller's Market.
Housing Prices in 92651, CA
How much do homes in 92651, CA cost?
Median Sold Price
$2,900,000
$1,513/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 92651 was $2,900,000 in April 2024, up 3.2% from last year, and the median price per square foot was $1,513.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.2M | $1.2M | -5.1% |
2 Bedrooms | $1.8M | $1.9M | +8.6% |
3 Bedrooms | $2.9M | $2.8M | -3.1% |
4 Bedrooms | $4.0M | $4.0M | +0.8% |
5+ Bedrooms | $5.1M | $4.9M | -3.9% |
Summary: 92651 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes increased by 8.6%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 3.9%.
Housing Supply in 92651, CA
How many homes are available in 92651, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
169 | 175 | +3.6% |
Summary: The 92651 real estate market had 175 homes for sale in April 2024, a 3.6% increase 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 | 35 | 33 | -5.7% |
3 Bedrooms | 45 | 52 | +15.6% |
4 Bedrooms | 63 | 64 | +1.6% |
5+ Bedrooms | 24 | 24 | 0.0% |
Summary: The 92651 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 5.7%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 29 | +20.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 92651 in April 2024, up by 20.8% month-over-month. Of the 29 sold homes, 62% were sold under asking, 17% were sold at asking, and 21% were sold over asking.
Days on Market for 92651, CA
How long does it take to sell a home in 92651, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 51 Days | -16.8% |
Summary: Homes in 92651 had an average of 51 days on market in Apr 2024, down by 16.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in 92651; 55% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.