Is 92008, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92008 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 92008 was a Seller's Market.

Key Takeaway

92008 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 92008, CA

How much do homes in 92008, CA cost?

Median Sold Price

$1,775,000

$851/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$325,000(+22.4%)

Key Takeaway

Homes in 92008 have sold for 22.4% more than they did a year ago.

Summary: The median home sold price in 92008 was $1,775,000 in October 2024, up 22.4% from last year, and the median price per square foot was $851.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $705K$632.5K
-10.3%
2 $1.0M$1.0M
-2.7%
3 $1.4M$1.8M
+29.0%
4 $1.6M$1.8M
+15.8%
5+ $1.8M$2.2M
+22.8%

Summary: 92008 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 29%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 22.8%.

Median Sold Price Compared To Nearby Zip Codes

92008
+22.4%
92056
+12.3%
92010
+11.4%
92054
+10.6%
92011
+8.0%

Housing Supply in 92008, CA

How many homes are available in 92008, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8798+12.6%

Summary: The 92008 real estate market had 98 homes for sale in October 2024, a 12.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 1616
0.0%
3 3445
+32.4%
4 1923
+21.1%
5+ 1712
-29.4%

Summary: The 92008 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 32.4%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes decreased by 29.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2015-25.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92008, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 92008 in October 2024, down by 25.0% month-over-month. Of the 15 sold homes, 73% were sold under asking, 7% were sold at asking, and 20% were sold over asking.

Days on Market for 92008, CA

How long does it take to sell a home in 92008, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days31 Days+12.1%

Summary: Homes in 92008 had an average of 31 days on market in Oct 2024, up by 12.1% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92008 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in 92008; 53% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in 92008, CA

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