Is 92503, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 92503 has remained a Seller's Market.
Housing Prices in 92503, CA
How much do homes in 92503, CA cost?
Median Sold Price
$626,714
$386/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 92503 was $626,714 in May 2024, up 4.5% from last year, and the median price per square foot was $386.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $255K | N/A |
2 Bedrooms | $460.2K | $469K | +1.9% |
3 Bedrooms | $550K | $595K | +8.2% |
4 Bedrooms | $669.9K | $670.5K | 0.1% |
5+ Bedrooms | $901.5K | $860K | -4.6% |
Summary: 92503 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 4.6%.
Housing Supply in 92503, CA
How many homes are available in 92503, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
160 | 157 | -1.9% |
Summary: The 92503 real estate market had 157 homes for sale in May 2024, a 1.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 63 | 54 | -14.3% |
4 Bedrooms | 61 | 68 | +11.5% |
5+ Bedrooms | 29 | 27 | -6.9% |
Summary: The 92503 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 6.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 43 | +16.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in 92503 in May 2024, up by 16.2% month-over-month. Of the 43 sold homes, 37% were sold under asking, 16% were sold at asking, and 47% were sold over asking.
Days on Market for 92503, CA
How long does it take to sell a home in 92503, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 30 Days | +5.8% |
Summary: Homes in 92503 had an average of 30 days on market in May 2024, up by 5.8% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 43 homes were sold in 92503; 70% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.