Is 92592, 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, 92592 has remained a Seller's Market.
Housing Prices in 92592, CA
How much do homes in 92592, CA cost?
Median Sold Price
$730,531
$344/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 92592 was $730,531 in May 2024, up 3.6% from last year, and the median price per square foot was $344.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $365K | $353.5K | -3.2% |
2 Bedrooms | $461.5K | $518.5K | +12.4% |
3 Bedrooms | $625K | $645K | +3.2% |
4 Bedrooms | $740K | $769.6K | +4.0% |
5+ Bedrooms | $909.5K | $922.5K | +1.4% |
Summary: 92592 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in 92592, CA
How many homes are available in 92592, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
285 | 274 | -3.9% |
Summary: The 92592 real estate market had 274 homes for sale in May 2024, a 3.9% 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 | 15 | 13 | -13.3% |
3 Bedrooms | 91 | 75 | -17.6% |
4 Bedrooms | 106 | 104 | -1.9% |
5+ Bedrooms | 73 | 82 | +12.3% |
Summary: The 92592 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 decreased by 13.3%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 12.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
79 | 83 | +5.1% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Summary: A total of 83 homes were sold or pending in 92592 in May 2024, up by 5.1% month-over-month. Of the 83 sold homes, 25% were sold under asking, 19% were sold at asking, and 55% were sold over asking.
Days on Market for 92592, CA
How long does it take to sell a home in 92592, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 16 Days | -43.7% |
Summary: Homes in 92592 had an average of 16 days on market in May 2024, down by 43.7% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 83 homes were sold in 92592; 83% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.