Is 92883, 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, 92883 has remained a Seller's Market.
Housing Prices in 92883, CA
How much do homes in 92883, CA cost?
Median Sold Price
$750,000
$352/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 92883 was $750,000 in April 2024, up 4.9% from last year, and the median price per square foot was $352.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $454.5K | $414.9K | -8.7% |
2 Bedrooms | $612.9K | $662K | +8.0% |
3 Bedrooms | $640K | $674K | +5.3% |
4 Bedrooms | $745K | $775K | +4.0% |
5+ Bedrooms | $867.5K | $903.5K | +4.1% |
Summary: 92883 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 4.1%.
Housing Supply in 92883, CA
How many homes are available in 92883, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
182 | 190 | +4.4% |
Summary: The 92883 real estate market had 190 homes for sale in April 2024, a 4.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 31 | 33 | +6.5% |
3 Bedrooms | 50 | 47 | -6.0% |
4 Bedrooms | 67 | 76 | +13.4% |
5+ Bedrooms | 31 | 32 | +3.2% |
Summary: The 92883 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 3.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 55 | +34.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in 92883 in April 2024, up by 34.1% month-over-month. Of the 55 sold homes, 29% were sold under asking, 20% were sold at asking, and 51% were sold over asking.
Days on Market for 92883, CA
How long does it take to sell a home in 92883, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
55 Days | 36 Days | -34.3% |
Summary: Homes in 92883 had an average of 36 days on market in Apr 2024, down by 34.3% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 55 homes were sold in 92883; 64% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.