Is 92882, 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, 92882 has remained a Seller's Market.
Housing Prices in 92882, CA
How much do homes in 92882, CA cost?
Median Sold Price
$744,347
$418/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 92882 was $744,347 in May 2024, up 6.3% from last year, and the median price per square foot was $418.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $345K | $379.4K | +10.0% |
2 Bedrooms | $430K | $466.2K | +8.4% |
3 Bedrooms | $640K | $682.6K | +6.7% |
4 Bedrooms | $782.5K | $850K | +8.6% |
5+ Bedrooms | $950K | $955K | 0.5% |
Summary: 92882 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 0.5%.
Housing Supply in 92882, CA
How many homes are available in 92882, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
129 | 125 | -3.1% |
Summary: The 92882 real estate market had 125 homes for sale in May 2024, a 3.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 12 | -14.3% |
2 Bedrooms | 16 | 20 | +25.0% |
3 Bedrooms | 35 | 34 | -2.9% |
4 Bedrooms | 44 | 37 | -15.9% |
5+ Bedrooms | 20 | 22 | +10.0% |
Summary: The 92882 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 39 | +2.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in 92882 in May 2024, up by 2.6% month-over-month. Of the 39 sold homes, 23% were sold under asking, 10% were sold at asking, and 67% were sold over asking.
Days on Market for 92882, CA
How long does it take to sell a home in 92882, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
36 Days | 19 Days | -45.6% |
Summary: Homes in 92882 had an average of 19 days on market in May 2024, down by 45.6% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 39 homes were sold in 92882; 87% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.