$10,000 Closing Credit*
$1,998,000
4,100 SqFt
4 Beds
•3 Full Baths, 1 Partial
Billy Long, Listing Office: Balboa Real Estate, Inc
Is 92003, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 92003 was a Seller's Market.
Key Takeaway
92003 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 92003, CA
How much do homes in 92003, CA cost?
Median Sold Price
$862,500
$452/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,500(+0.9%)
Key Takeaway
Homes in 92003 have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in 92003 was $862,500 in October 2024, up 0.9% from last year, and the median price per square foot was $452.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $724.9K | +104.2% |
| 2 Bedrooms | $465K | $505K | +8.6% |
| 3 Bedrooms | $745K | $790K | +6.0% |
| 4 Bedrooms | $1.1M | $1.2M | +7.8% |
| 5+ Bedrooms | $1.2M | $2.6M | +108.6% |
Summary: 92003 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 104.2%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 108.6%.
Housing Supply in 92003, CA
How many homes are available in 92003, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Summary: The 92003 real estate market had 25 homes for sale in October 2024, a 3.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 92003 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 2 | -77.8% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92003, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 92003 in October 2024, down by 77.8% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 92003, CA
How long does it take to sell a home in 92003, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 12 Days | -30.0% |
Summary: Homes in 92003 had an average of 12 days on market in Oct 2024, down by 30% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 92003 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 92003; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.