Is 92656, 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, 92656 has remained a Seller's Market.
Housing Prices in 92656, CA
How much do homes in 92656, CA cost?
Median Sold Price
$860,666
$622/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 92656 was $860,666 in April 2024, up 5.5% from last year, and the median price per square foot was $622.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $477.5K | $489K | +2.4% |
2 Bedrooms | $677K | $719K | +6.2% |
3 Bedrooms | $879.9K | $927.5K | +5.4% |
4 Bedrooms | $1.3M | $1.4M | +9.9% |
5+ Bedrooms | $1.8M | $1.9M | +7.1% |
Summary: 92656 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 7.1%.
Housing Supply in 92656, CA
How many homes are available in 92656, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
99 | 107 | +8.1% |
Summary: The 92656 real estate market had 107 homes for sale in April 2024, a 8.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 37 | 37 | 0.0% |
3 Bedrooms | 41 | 44 | +7.3% |
4 Bedrooms | 14 | 19 | +35.7% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 92656 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 37 | +2.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in 92656 in April 2024, up by 2.8% month-over-month. Of the 37 sold homes, 35% were sold under asking, 8% were sold at asking, and 57% were sold over asking.
Days on Market for 92656, CA
How long does it take to sell a home in 92656, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 14 Days | -53.4% |
Summary: Homes in 92656 had an average of 14 days on market in Apr 2024, down by 53.4% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 37 homes were sold in 92656; 92% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.