Is 92677, 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, 92677 has remained a Seller's Market.
Key Takeaway
92677 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92677, CA
How much do homes in 92677, CA cost?
Median Sold Price
$1,281,342
$698/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 92677 have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in 92677 was $1,281,342 in May 2024, up 6.8% from last year, and the median price per square foot was $698.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $504.2K | $517.5K | +2.6% |
| 2 Bedrooms | $700K | $780K | +11.4% |
| 3 Bedrooms | $1.1M | $1.2M | +0.7% |
| 4 Bedrooms | $1.6M | $1.8M | +9.3% |
| 5+ Bedrooms | $2.0M | $2.3M | +14.9% |
Summary: 92677 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 14.9%.
Housing Supply in 92677, CA
How many homes are available in 92677, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 205 | 206 | 0.5% |
Summary: The 92677 real estate market had 206 homes for sale in May 2024, a 0.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 8 | -33.3% |
| 2 Bedrooms | 50 | 55 | +10.0% |
| 3 Bedrooms | 60 | 55 | -8.3% |
| 4 Bedrooms | 55 | 60 | +9.1% |
| 5+ Bedrooms | 28 | 28 | 0.0% |
Summary: The 92677 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 58 | 57 | -1.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92677, you could pay more than the asking price. 57.9% of homes here sold above asking price last month.
Summary: A total of 57 homes were sold or pending in 92677 in May 2024, down by 1.7% month-over-month. Of the 57 sold homes, 32% were sold under asking, 11% were sold at asking, and 58% were sold over asking.
Days on Market for 92677, CA
How long does it take to sell a home in 92677, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 16 Days | -21.6% |
Summary: Homes in 92677 had an average of 16 days on market in May 2024, down by 21.6% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 92677 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 57 homes were sold in 92677; 86% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.